Facebook's management reshuffle reveals blockchain ambitions

09 May, 2018, 02:56 | Author: Misty Newman
  • YouTube  toberkel

Facebook's chief product officer Chris Cox, who was previously in charge of the standalone Facebook app, will also oversee the second new division, called "the family of apps". As part of that reshuffle, David Marcus - the head of Facebook's Messenger division - will lead a newly-created team that will explore how the company can integrate blockchain technology into its product suite. Marcus is a former president of PayPal.

The most significant reorganization in Facebook's 14-year history will divide it into three divisions, including a new blockchain group and fortified security.

Recode was first to report the changes.

There are a handful of other executive shuffles detailed in the Recode report, including the news that Chris Daniels, the VP of Facebook's Internet.org group, is taking over WhatsApp. Kik, which is much smaller than Facebook but still boasts several million active users, is developing its own cryptocurrency.

More news: Kanye West branching out into architecture
More news: Es oficial: Argentina jugará en Boca contra Haití
More news: Ebola cases confirmed in Congo months after country's previous outbreak

Meanhwhile, Facebook has attempted to keep its promotion income becoming through more up to date, more youthful stages like WhatsApp and Instagram.

Unlike many corporate executives who fall into the "blockchain not bitcoin" crowd, Marcus is a sitting board member of Coinbase, perhaps the most well-known company in the cryptocurrency industry.

Employees got word of the moves Tuesday, as Facebook faced an intense backlash over the Cambridge Analytica data privacy scandal.

"This is an important time for Facebook as we take a broader view of our responsibility", Zuckerberg wrote in a Facebook post Tuesday.

Recomendado:



Popular

Is Buying 52-Week Stock Like Stryker Corporation (SYK) a Winning Strategy?
According to Finviz reported data, The SMA20 of the stock is at 4.01 percent, SMA50 is 4.01 percent, while SMA200 is 9.86 percent. Piper Jaffray reissued a "buy" rating and set a $170.00 price target on shares of Stryker in a report on Wednesday, January 31st.

Ten Kashmiris shot dead by Indian forces
The protesters blocked roads and pelted stones on the security forces who first fired smoke shells and then opened fire. The Kashmir University authorities have chose to shut down the university for two days.

Israel Serves Japanese Prime Minister Dessert in a Shoe, Causing Offense
Nonetheless, Segev Moshe's followers believed the chef ought to have performed his homework earlier than getting ready for the meal.

Serbian Mazic to referee Champions League final
The right-back is on track to be ready for pre-season training in July. Thank you for all the support over the course of the season?? It's the news no Liverpool fan wanted to hear.

China's trade surplus with USA widens to $22.19 billion in April
The trade deficit with China stood at $36.73 billion during April-October 2017-18, and was $51 billion in 2016-17. At the same time, imports growth accelerated to 21.5% from 14.4% in the previous month.

"Inicié conversaciones con el FMI para que nos otorgue apoyo financiero" — Macri
Preocupación: en un formato nunca antes usado, el presidente argentino anunció que recurrirá al Fondo Monetario Internacional . La oposición tendrá la sesión de mañana sobre tarifas para ofrecer su versión sobre los hechos.

Roberto Osuna es detenido por golpear a una mujer en Toronto
Así mismo, aseguró estar realizando las investigaciones de acuerdo con la política conjunta de violencia doméstica MLB-MLBPA. Mientras que Jenifferjit Sidhu, portavoz de la policía, informó que es un cargo por agresión pero no dio más detalles .

Evo Morales saluda al nuevo Presidente de Costa Rica
En Costa Rica , este lunes 7 de mayo de 2018 el presidente Lenín Moreno realizó una visita a la sede de la Corte Interamericana de Derechos Humanos.

Buhari set to depart Nigeria for United Kingdom on medicals
It noted that the presidency has now confirmed that the president is unwell in the statement announcing Buhari's return to London. When asked on the nature of Buhari's illness, Adesina declined giving details, adding that only the president can reveal that.

Cambio de horario para los partidos de mañana
El volante jugó 45 minutos en reserva ante Unión y no sintió dolor en su rodilla derecha donde fue operado de ligamentos cruzados. Dicho esto, ¿qué necesita el líder de la Superliga para lograr el campeonato? Sacamos tres, quedan seis.