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The head of Meta's crypto unit will leave his post at the end of the year

United States, New York, New York
Published 1 month ago
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The head of Meta's crypto unit will leave his post at the end of the year
United States, New York, New York,
Published 1 month ago

Description

David Marcus, director of Meta's cryptocurrency and fintech (financial technology) unit, will step down in late 2021.

Marcus' replacement will be Stéphane Kasriel, former CEO of Upwork, who has been with Meta, formerly known as Facebook (NASDAQ: FB), since August 2020.

Technical and moral considerations on cryptocurrency-powered social media

Marcus announced the decision in a tweet on December 1, noting that he had made the "difficult decision" to leave the company later this year. The executive did not elaborate on what his next step will be, but hinted that it could be something "new and exciting" that he builds himself:


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    miko
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    United States, New York, New York
    St Nw Low St Hos50