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FaceBook Shuffles Executives

     
4:21 pm on May 9, 2018 (gmt 0)

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The biggest shakeup in its 15-year history is taking place this week as FaceBook moves chairs into new positions. The moves were announced internally to employees and are intended to strengthen and expand their various lines of effort.

CEO Mark Zuckerberg has reorganized the social giant’s product and engineering organizations into three main divisions, including a new “Family of apps” group run by Chief Product Officer Chris Cox, the executive previously in charge of the core Facebook app. Cox will now oversee Facebook, Instagram, WhatsApp and Messenger, according to multiple sources, four social apps with a combined reach of more than five billion monthly users.

Facebook is also building a new team dedicated to blockchain technology. David Marcus, the executive in charge of Facebook’s standalone messaging app, Messenger, is leaving that post to run the blockchain group, these sources said. That new team will fall under one of the other three divisions, referred to as “New platforms and infra,” which will be managed by CTO Mike Schroepfer. Facebook’s AR, VR and artificial intelligence efforts will also live under Schroepfer’s division.

Longtime Facebook exec Javier Olivan, the company’s VP of growth, will oversee the third division, called “Central product services,” which includes all of the shared features that operate across multiple products or apps such as ads, security and growth.

The biggest change is their new Blockchain Division according to Recode.net [recode.net]

10:05 pm on May 9, 2018 (gmt 0)

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Rearranging the deck chairs on the Titanic?
11:42 pm on May 9, 2018 (gmt 0)

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When the music stops who wnn't find a chair?
11:19 am on May 10, 2018 (gmt 0)

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This is to try to demonstrate that they are working hard to improve things ...
 

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