{"id":53863,"date":"2021-12-01T11:15:14","date_gmt":"2021-12-01T09:15:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53863"},"modified":"2025-09-03T17:21:26","modified_gmt":"2025-09-03T14:21:26","slug":"david-marcus-to-leave-meta","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/david-marcus-to-leave-meta\/","title":{"rendered":"David Marcus to leave Meta"},"content":{"rendered":"<p>The head of Meta&#8217;s payments division (formerly Facebook) David Marcus announced that he would leave the company by the end of 2021. His place <a href=\"https:\/\/twitter.com\/skasriel\/status\/1465747199069876224?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1465747199069876224%7Ctwgr%5E%7Ctwcon%5Es1_&#038;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmeta-s-head-of-crypto-to-step-down-at-end-of-year\">will be taken<\/a> by former Upwork CEO Stefan Kasriel.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Personal news: after a fulfilling seven years at Meta, I\u2019ve made the difficult decision to step down and leave the company at the end of this year. (1\/7)<\/p>\n<p>\u2014 David Marcus (@davidmarcus) <a href=\"https:\/\/twitter.com\/davidmarcus\/status\/1465740041339092994?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Marcus did not specify what prompted the departure. He also declined to outline his future plans, but hinted that it could be &#8220;something new and exciting&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">I now look forward to having more free time in the months to come before I start building something new and exciting again. Onward! (7\/7)<\/p>\n<p>\u2014 David Marcus (@davidmarcus) <a href=\"https:\/\/twitter.com\/davidmarcus\/status\/1465740046628048900?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>David Marcus joined Facebook in 2014 after two years leading PayPal. He initially held a vice-president role and led the Messenger division.<\/p>\n<p>In 2018 Marcus headed the new blockchain research group. In 2019 he led the Libra project.<\/p>\n<p>The publication of the white paper for Facebook&#8217;s digital currency sparked a wave of regulator backlash around the world. The European Central Bank <a href=\"https:\/\/forklog.com\/en\/news\/ecb-sees-libra-launch-as-a-threat-to-the-future-of-fiat-currencies\">saw<\/a> Libra as a threat to fiat currencies.<\/p>\n<p>On 1 December 2020, the Libra Association <a href=\"https:\/\/forklog.com\/en\/news\/libra-association-renamed-to-diem-association\">renamed<\/a> itself to the Diem Association. Previously the project abandoned the original concept of a global stablecoin in favour of several stablecoins, each pegged to different fiat currencies.<\/p>\n<p>This was followed by departures of several prominent Libra Association members, including PayPal, Mastercard, Visa, Stripe, eBay, Booking Holdings and Vodafone, who cited regulatory risks.<\/p>\n<p>Facebook also carried out a rebranding of the Libra wallet, renaming it from Calibra to Novi.<\/p>\n<p>In August 2021, Marcus <a href=\"https:\/\/forklog.com\/en\/news\/david-marcus-says-novi-digital-wallet-ready-for-launch\">said the digital wallet was ready for launch<\/a>. It later emerged that the bitcoin exchange <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-to-power-facebooks-novi-digital-wallet-pilot\">Coinbase would serve as the custodial partner<\/a> in the pilot testing of Novi.<\/p>\n<p><meta charset=\"utf-8\">Earlier, Kevin Weil, one of the Diem co-founders, left the company <a href=\"https:\/\/www.cnbc.com\/2021\/03\/18\/facebook-novi-exec-kevin-weil-leaves-for-a-climate-change-startup.html\">Kevin Weil<\/a> and project co-founder <a href=\"https:\/\/www.cnbc.com\/2020\/09\/22\/facebook-libra-digital-currency-co-founder-morgan-beller-leaves.html\">Morgan Beller<\/a>.<\/p>\n<p>Back in October, Facebook carried out a major rebrand \u2014 the company is now called Meta. Mark Zuckerberg <a href=\"https:\/\/forklog.com\/en\/news\/facebook-rebrands-as-meta-nfts-to-feature-in-zuckerbergs-metaverse\">called the metaverse &#8216;the next stage in the evolution of social connections&#8217;<\/a>.<\/p>\n<p>Subscribe to ForkLog news in <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of Meta&#8217;s payments division (formerly Facebook) David Marcus announced that he would leave the company by the end of 2021. His place will be taken by former Upwork CEO Stefan Kasriel.<\/p>\n","protected":false},"author":1,"featured_media":53864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[790],"class_list":["post-53863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-david-marcus"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53863"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53863\/revisions"}],"predecessor-version":[{"id":53865,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53863\/revisions\/53865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53864"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}