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June 28, 2017

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Facebook names David Marcus as new 'mobile messaging' chief

SAN FRANCISCO--Facebook announced Monday it hired the top executive of eBay's PayPal division to lead the social network's efforts to boost its mobile messaging.

David Marcus, who has been president of PayPal, was named to the new post as Facebook appeared set to focus increasingly on messaging.

The California giant said separately it "accidentally" released a version of a new app called "Slingshot," about which reports have been circulating for several weeks.

Although Facebook did not specify the nature of the app, reports have said it would allow for sharing of photos and videos and compete with some startups offering similar services.

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