Facebook shakes up its execs and adds new blockchain group

Facebook shakes up its execs and adds new blockchain group
Facebook will now operate under three divisions.
The reorganization will reportedly include a new blockchain effort and aims to address privacy concerns.
Facebook “instituted its biggest executive shakeup in its 15-year history this week,” Recode reported on Tuesday, a reorganization that will include a new blockchain effort and aims to address privacy concerns.
Facebook confirmed the details of the reorganization.
The experimental blockchain group will be led by David Marcus, the executive most recently in charge of Facebook’s Messenger group. Marcus sits on the board of directors of Coinbase, an exchange for cryptocurrency (which uses the blockchain as its underlying technology), and joined Facebook from PayPal in 2014.
Marcus confirmed his new role in a tweet:
David Marcus

Time for a new challenge! After four amazing years leading Messenger, I’m going to setup a small group to explore how to best leverage Blockchain for Facebook. I will miss my fierce Messenger team, but I’m excited about the journey ahead. My full note: https://www.facebook.com/davidm/posts/10160585531500195 …
David Marcus

The one and only @stan_chudnovsky will take over @Messenger. I’m confident the team will continue to execute and won’t skip a beat under his leadership!
3:54 AM – May 9, 2018
15 people are talking about this
Twitter Ads info and privacy
Facebook will now operate under three divisions: a “family of apps” group (including Facebook, Instagram, WhatsApp and Messenger), a new platforms division (including a blockchain technology team, augmented and virtual reality, enterprise technology and artificial intelligence) and a “central product services” team, which covers shared resources like ads, data analytics and security.
The report comes as Facebook has faced fallout over data privacy and “fake news,” amid revelations of data sales to outside firms like Cambridge Analytica, and evidence of Russian election interference. Meanhwhile, Facebook has tried to keep its ad revenue growing through newer, younger platforms like WhatsApp and Instagram.
WhatsApp co-founder Jan Koum announced last month he was leaving the company. As part of this week’s reorganization, most Facebook apps are getting new leaders, save Instagram, which will continue to be run by Instagram CEO Kevin Systrom.
“You do not want to give Jeff Bezos a seven-year head start.”
Hear what else Buffett has to say
Facebook separately announced on Tuesday that it added Jeff Zients, the CEO of Cranemere, to the board. Zients will join the audit committee, Facebook said, as will another recently added board member, Kenneth Chenault. Venture capitalist Marc Andreessen will also be on the committee but will no longer be on the compensation and governance committee.
—CNBC’s Michelle Castillo contributed to this report.
Earth Coin Price when sending a document:¥0.007033
据cnbc消息,据多名知情人士透露,Facebook将构建专注于区块链的团队,旨在解决隐私保护问题。Facebook高管戴维•马库斯(David Marcus)将接手这个致力于探索区块链技术的团队,该团队虽然不到12人,但将包括Instagram的工程副总裁James Everingham,以及Instagram的产品副总裁Kevin Weil。