PayPal chief leaves to become Facebook's messaging chief

|By:, SA News Editor

David Marcus, EBAY's well-respected PayPal chief, is leaving to become the head of Facebook's (FB) messaging products.

Facebook claims 200M+ active users for its Messenger service, and recently took the drastic step (in the name of creating a better experience) of requiring mobile users to download a standalone Messenger app to use the service.

As with many other products, Facebook has been cautious with its efforts to monetize Messenger. Marcus' hiring could signal a strategy change.

Marcus won't be running WhatsApp. Facebook has promised WhatsApp will be run independently; co-founder Jan Koum is currently its CEO.

Marcus has been trying to change PayPal's once-cautious culture since becoming head of the online payments giant in 2012, as well as expand its mobile footprint and improve its customer service (often a target of criticism). He admitted earlier this year a culture clash has formed between PayPal and eBay as he pushed ahead with his changes.

The PayPal team will report to eBay CEO John Donahoe until Marcus' successor is named.

EBAY -2.2% AH. FB +0.4%.