Facebook executive steps down at Meta

David Marcus is leaving Meta. Marcus was appointed COO, chief of product strategy and head of blockchain strategy last August. At that time, he was named Meta’s first “chief blockchain officer.” Over the course…

Facebook executive steps down at Meta

David Marcus is leaving Meta. Marcus was appointed COO, chief of product strategy and head of blockchain strategy last August. At that time, he was named Meta’s first “chief blockchain officer.” Over the course of his career, Marcus has held positions as the head of Facebook Messenger and head of global consumer platforms at PayPal.

In a blog post on Friday, Marcus said, “Going forward, Meta will be run as a platform company, and the Meta Store will become the nucleus of this model. I will not be involved in this process, except to make sure that Meta retains the core strengths that differentiates it, and that we’re driving innovation into the platform.”

The Meta Store is a platform that allows companies to sell real-world commodities like diamonds and real estate or offer institutional investors digital assets like Bitcoin.

Marcus announced his departure, with a statement from Meta CEO Dominik Ramasch.

“David’s incredible focus, energy and passion for technology and entrepreneurship will continue to play a valuable role at Meta. We will be announcing a new Chief Blockchain Officer in the near future who will be in charge of all of Meta’s blockchain activities,” Ramasch said.

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