Facebook beefing up it's payment capability!! The president of eBay's payments business PayPal is stepping down to join Facebook where he will lead its messaging products business.
eBay said David Marcus, who has led the division for the past two years, would leave the firm on 27 June. Mr. Marcus arrived at PayPal when eBay acquired ZONG, a mobile payments company, in 2011.
David is a widely respected leader in the technology industry with a track record of building great products and finding creative ways to turn them into great businesses. David taught himself to write code at the age of 8, and he launched his first startup at the age of 23. In 2011 he joined PayPal as VP, mobile, responsible for leading PayPal’s mobile payments business, before taking on the role of president the following year. Under David’s leadership, PayPal has delivered great new product experiences for customers and businesses, driven new innovations in mobile commerce and achieved impressive growth.