David Marcus leaves Meta, Yahoo’s virtual currencies company, to serve as Facebook Messenger President

David Marcus, the executive who is heading up Meta’s virtual currencies efforts, is stepping down from the company to focus on his upcoming work as President of Facebook Messenger. Marcus will continue to serve…

David Marcus leaves Meta, Yahoo’s virtual currencies company, to serve as Facebook Messenger President

David Marcus, the executive who is heading up Meta’s virtual currencies efforts, is stepping down from the company to focus on his upcoming work as President of Facebook Messenger. Marcus will continue to serve as chief product officer at Meta until March 28.

The decision, according to a Meta spokesperson, was Marcus’, and is also not the result of issues with Yahoo. Cofounder Scott Karp also wrote in a blog post that the departure wasn’t a sign of dissatisfaction with the company, and that Marcus has resigned to “focus on building the next great platform for fun and gaming on Messenger and to use his voice to guide the industry in its interest of a more accessible financial infrastructure for all.”

Marcus, who was previously Twitter’s VP of Products, joined Meta in October after Yahoo acquired the startup he founded, Quip. He replaced Patrick Gilles, a long-time LinkedIn vet, who had led Meta’s virtual currency development efforts for a few years.

At Facebook, Marcus is replacing Gabriella Santos, who has been appointed as the VP of strategic partnerships for the Messenger Platform. Marcus will take up his new position on March 27.

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