Boston, MA 06/12/2014 (wallstreetpr) – The PayPal head of eBay Inc (NASDAQ:EBAY), David Marcus, who was a leader behind the fast growth of PayPal from the past two years, decided to resign the company in order to join Facebook, inc (NASDAQ:FB) in their messaging products. The PayPal system has developed rapidly after introduction of mobile wallet and point-of-sale systems for the retailers. Both these services of PayPal were started under the leadership of David Marcus only.
Facebook’s Efforts For Bolstering Private Messaging
The ability of Facebook to capture such leaders is a sign that Facebook was aggressively moving ahead for bolstering the private messaging features because it has started facing tough competition from other services such as Line and Snap chat. Facebook had acquired WhatsApp in February for $19 billion. The action of Facebook to make leaders with payments and e-commerce work experience, a part of the company, could also indicate the interests of the company to transform the messaging services into a transaction-based platform.
David Marcus to Serve as Vice President for Facebook’s Messaging Products
The new role for David Marcus will be that of the Vice President for the messaging products of Facebook, inc (NASDAQ:FB). He will see the messaging service in the social network of Facebook and also the free messenger mobile application of the company. However, he is kept beyond the realms of WatsApp right now.
David Marcus, in his LinkedIn page said that he was looking forward to get “hands dirty again” by attempting to build and create something which was new and meaningful at a huge scale.
Facebook’s Huge Network of Messaging Services and Paypal’s Tough Competition Days
At present, around 12 billion messages are being sent on Facebook on daily basis. The messenger application of Facebook has over 200 million users. Time and again, Facebook, inc (NASDAQ:FB) has struggled to make popular activity through e-commerce on the social networking website.
In the meanwhile, PayPal, with an active-user base of 148 million people, is facing a very tough competition from Amazon.com Inc, which on June 9, 2014 launched recurring payments program along with the Chinese e-commerce giant Alibaba Group Holdings Ltd.
