Facebook biggest executive shakeup in its 15 year

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Other longtime executives have been given additional responsibilities one of which includes heading a new blockchain division that the company has quietly set up.

Mired in a massive data breach controversy, Facebook has reportedly rolled out biggest-ever shuffle at the senior management level since its inception - across platforms, including WhatsApp and Messenger.

In any case, Facebook seems confident that the blockchain is a technology of great utility, and their placement of experienced board members on the new team signifies their deep interest in the decentralized ledger.

Before joining Facebook, Marcus was the president of PayPal, so he has a pretty good idea of how payments work in the digital age. Debate over "hacking back" heats up MORE saying in January that Facebook would explore potential uses of blockchain technology at Facebook. WhatsApp, for instance, will now be led by Chris Daniels, a Facebook executive who was previously tasked with bringing new people online through a free or affordable version of Facebook called Internet.org.

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Marcus, the now former executive of Facebook's Messenger group, sits on the board of directors of Coinbase.

Likely, the social networking giant would not be interested in building its own cryptocurrency, rather using the technology for other purposes such as encrypted data storage.

Facebook is still reeling after the Cambridge Analytica scandal, but it's not stopping the company from making some big changes.

According to tech news website Recode, Facebook has made long-time executive Chris Cox in-charge of Facebook, Instagram, WhatsApp and Messenger - now called a "family of apps". I will miss them but I know Messenger is in great hands with Stan Chudnovsky and they will continue to create awesome experiences for all the people who depend on it around the world. Mark Zuckerberg is still the king of the castle, but everything below him is taking a different shape as WhatsApp, Messenger and Facebook's Core app get new leaders.

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Javier Olivan: Will oversee the "Central Product Services" division that focuses on ads, security and growth.

The Facebook founder had earlier announced looking into how cryptocurrency can be used in its services.

And as for Instagram's Kevin Weil, he will now join the newly formed blockchain division and will be replaced by Adam Mosseri - head of Facebook's News Feed.

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