Post Tagged with: "David Marcus"

Can Facebook Messenger Copy the Payments Success of WeChat?

Can Facebook Messenger Copy the Payments Success of WeChat?

by January 7, 2016 at 10:05 am 23 comments

Messaging apps are huge in payments — or rather, they may be someday. Facebook Messenger has confirmed that it is pursuing peer-to-peer payments and e-commerce, a path blazed by China’s WeChat, which has 650 million users and features multiple payment functions. That despite the fact that trust in mobile P2P money transfer is stillRead More

Facebook Payments Revenue Falls While Ad Revenue Soars

Facebook Payments Revenue Falls While Ad Revenue Soars

by November 5, 2015 at 12:30 pm 0 comments

Facebook revenue continues to soar, but payments revenue plays little part in that — it’s all about the advertising. Payments revenue was $202 million, down 6% from the prior quarter, and down 18% year over year. Total revenue was a different story, up 11% on the quarter and 40% overRead More

Facebook’s Marcus: ‘We Don’t Want to Build a Payments Business’

Facebook’s Marcus: ‘We Don’t Want to Build a Payments Business’

by October 19, 2015 at 10:30 am 1 comment

Facebook has never emphasized payments as a part of its revenue model. And it seems it won’t start now. The social media site is all about advertising revenue derived from its 1.5 billion users, but the hiring of PayPal President David Marcus in June 2014 to helm the Messenger appRead More

With ‘Send Money’ Launch, Facebook Eats Fees to Own Social Payments

With ‘Send Money’ Launch, Facebook Eats Fees to Own Social Payments

by March 17, 2015 at 4:32 pm 6 comments

Ummm, paging Venmo. Facebook is eating the cost of P2P transactions so it can own social payments like it already owns advertising and chatting. That’s the word from industry insiders mulling over Facebook’s announcement today that users can send money to friends for free using their Visa or MasterCard debit cardsRead More

As eBay Looks Outside, Insiders Hope Braintree CEO Gets Top Job at PayPal

As eBay Looks Outside, Insiders Hope Braintree CEO Gets Top Job at PayPal

by August 21, 2014 at 2:54 pm 2 comments

Earlier today, The Information reported that eBay has been interviewing external candidates for the top job at PayPal, which was vacated in June when David Marcus left to be the head of Facebook Messenger. However, PayPal employees are pushing for Bill Ready, the current CEO of Braintree, to become the president at PayPal, according to numerous sources who spoke to Bank Innovation.

PayPal Has a Really Bad Monday

PayPal Has a Really Bad Monday

by June 10, 2014 at 1:36 pm 0 comments

Everyone hates Mondays. But the folks at PayPal probably had a rougher Monday than you. First, it was reported that Amazon was taking on the eBay subsidiary with a new subscription and recurring payments billing service.

Facebook Poaches PayPal’s Marcus to Run Messaging

Facebook Poaches PayPal’s Marcus to Run Messaging

by June 9, 2014 at 5:15 pm 1 comment

Facebook managed to pull of a major hire today, poaching David Marcus from PayPal, the eBay-owned payments company where he served as president.