David Marcus

PayPal Holdings Inc (NASDAQ:PYPL) didn't lose because the world moved too fast — it lost because it chose safety while the world was being rebuilt. In a rare, blistering post on X, former PayPal leader David Marcus argues that a once-iconic payments pioneer systematically traded product conviction...

Following a 20% collapse in PayPal Holdings Inc.‘s (NASDAQ:PYPL) stock price and the abrupt removal of CEO Alex Chriss, former company president David Marcus has broken a twelve-year silence to critique a culture of “financial optimization” that he claims has hollowed out the...

One of the biggest news stories of 2022 was Elon Musk acquiring social media platform Twitter. One of the biggest news stories of 2023 could be who becomes the next Twitter CEO. Here’s a look at how some betting odds for the position and some hypothetical odds are shaping up. What Happened:...

PayPal Holdings, Inc (NASDAQ: PYPL) gapped down and lost 6.27% in Monday's session after the financial technology company walked back a change it published to its acceptable use policy (AUP), which would have allowed PayPal to debit users $2,500 for spreading “misinformation.”...

David Marcus, the former head of Meta Platforms Inc-owned (NASDAQ: FB) Facebook's crypto project Diem, has launched a Bitcoin (CRYPTO: BTC) payments startup. What Happened: Marcus and a few ex-Meta crypto team members have started a new venture, according to a report from TechCrunch...

Facebook Inc. (NASDAQ: FB) has eased a ban on advertisements promoting Bitcoin (CRYPTO: BTC) and other cryptocurrencies on its platform. What Happened: Facebook, which recently rebranded as Meta Platforms Inc. to highlights its vision of betting big on the metaverse, said it is expanding the number...

David Marcus, the co-creator of Facebook Inc’s (NASDAQ: FB) digital currency project Diem, is leaving the company at the end of December. What Happened: Marcus, who led Facebook’s cryptocurrency wallet project Novi, announced the decision to leave the company — rebranding as...

Social media giant Facebook, Inc. (NASDAQ: FB) has launched a pilot of its Novi crypto wallet in the U.S. and Guatemala but is already facing strong opposition from five Democratic U.S. senators. What Happened: David Marcus, head of Facebook Financial, announced the Novi pilot program on...

Facebook Inc (NASDAQ: FB) has formed a new group, led by the co-creator of the company's Libra cryptocurrency project, David Marcus, to streamline its payments operations across app offerings, Bloomberg reported Monday. What Happened The group, dubbed "...

Social media company Facebook, Inc. (NASDAQ: FB) is proceeding with its Libra initiative, but the initial vision of a single, synthetic digital currency could change, Reuters reported Sunday.  What Happened Facebook's Libra digital currency project could consist of multiple...

Facebook, Inc. (NASDAQ: FB) declined to comment Friday on reports the social media platform is considering a cryptocurrency to enable electronic payments. “Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology,” a Facebook spokesperson said...

David Marcus, Facebook Inc (NASDAQ: FB)'s head of messaging, joined the company after serving as president of Paypal Holdings Inc (NASDAQ: PYPL). In an interview with Bloomberg's Emily Chang, he reiterated Facebook's policy of not disclosing revenue by specific products but he could confirm that...

According to Tech Crunch, Facebook Inc (NASDAQ: FB) started offering end-to-end encryption to its Facebook Messenger users, allowing users to secure their chats. This feature, called "secret conversations" will be offered to a limited test group on Friday. Related Link: Google Buys Video...

In a report published Wednesday, Morgan Stanley analyst Smittipon Srethapramote commented on Facebook Inc's (NASDAQ: FB) person-to-person payments service on Messenger that allows users to send money to each other using debit cards. "We view this as an incremental positive for the...