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PayPal's president, David Marcus, is leaving to join Facebook's Messenger team, but he will not have control of the company's recent messaging acquisition, WhatsApp.
Considering PayPal is essentially eBay's core business now, to leave it to run a single unit of Facebook is intriguing. Also, given Marcus' background, it hints that Facebook is making things like money transfers a key way of monetizing communication platforms. That's especially important, because at some point Facebook will need to justify its $19 billion WhatsApp price tag.
In this episode of The Next, Motley Fool tech analyst Eric Bleeker and Rule Breakers analyst Simon Erickson discuss what Marcus' move might mean for a future Facebook payments system.
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The article Why Is PayPal's President Leaving to Join Facebook? originally appeared on Fool.com.
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