In an announcement made by Ecommerce giant eBay, PayPal CEO David Marcus has resigned from his post as president of payment solution PayPal.
In a somewhat shocking turnover, Marcus will be leaving the world leading payment platform to head Facebook’s messaging department.
“As the head of PayPal, David helped make a great business better, reinvigorating product design and innovation and energizing the team to deliver compelling consumer experiences,” said eBay Inc. President and CEO John Donahoe.
CAPEX.com Presents Brand-New AwardsGo to article >>
At IRCE 2014, the world’s largest Ecommerce event, rumors are soaring as to the future of the companies involved. According to anonymous sources from eBay Inc., Braintree CEO and founder Bill Ready is be targeted as Marcus’ replacement, given his position in the payment space at eBay.
The other question that arises is what exactly Marcus will do at Facebook. While many tend to believe he was brought on to monetize Facebook’s mobile messaging platform, in the same fashion as Chinese messaging platform WeChat. The more interesting theory which was mumbled during IRCE was that Marcus is awaiting the end of his non-compete clause to head Facebook’s yet to be confirmed payment platform.
With the ease of use attached Facebook’s sign-in-with-Facebook feature on a plethora of platforms, some suggest they are planning on creating a similar service which will introduce fast and easy payments at the click of a button.
While none of these rumors have been confirmed by any of the sides involved, we tend to believe Marcus will bring his pay anywhere easily model to Facebook’s 1 billion+ user base, to both online and mobile outlets.