Facebook hires PayPal


NYT: The social network hired eBay’s PayPal president, David Marcus, to lead the expansion of its messaging products.

Share this article!

NYT: The social network hired eBay’s PayPal president, David Marcus, to lead the expansion of its messaging products.

“Messaging is a core part of Facebook’s service and key to achieving our mission of making the world more open and connected,” Facebook said in its announcement about Mr. Marcus’s new role.

In his three years at PayPal, Mr. Marcus helped turn the payment service into a business that processed $180 billion in transactions last year and accounted for 41 percent of eBay’s revenue.

Read more here.




Latest from Oregon Business Team