Economy

Facebook Reshuffles Leaders After Cambridge Analytica Scandal

Facebook Reshuffles Leaders After Cambridge Analytica Scandal

Some of the long term Facebook executives have been given new responsibilities, including an effort to tackle the challenges from blockchain technology.

When Mark Zuckerberg said that it would take "three years to change Facebook", most of us believed he was stalling.

Facebook is exploring potential uses for blockchain technology, the head of the company's Messenger app has announced.

Kevin Weil, head of product at Instagram, is leaving that job to join Facebook's blockchain division, and Adam Mosseri, head of the Facebook News Feed, will succeed Weil at Instagram, the company said.

IPL 2018 : Mumbai Indians keeps playoff chase alive
Looking to pull from outside off stump, he failed to get on top of the bounce and skied a top-edge to deep square leg. MI can not afford to lose even one of their next four matches if they are to stand a chance of retaining the title.

David Marcus will take on the new division, which he announced in a post on the social network that, after four years in charge of Messenger, he is "setting up a small group to explore how best to leverage blockchain across Facebook".

David Marcus knows how the blockchain industry works, and more important, he was working at PayPal as a CEO and is now serving at Coinbase.

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. While enabling some of the seasoned veterans to tackle more emerging technologies within the company.

The news comes as the potential for blockchain to improve online security processes is considered across a wide range of industries, outside of the cryptocurrency market for which it is now primarily utilized. The reshuffle has not seen a dramatic increase in diversity either, with white men still dominating Facebook's leadership team, and only one woman heading up one of the new subdivisions (Naomi Gleit, who will lead integrity, growth and product management as part of Javier Olivan's group).

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Osuna and the Blue Jays can only wait for Major League Baseball to conduct its investigation and levy some kind of punishment. Even if criminal charges against Osuna are ultimately dropped, Major League Baseball can still levy punishment against him.

David Marcus, the executive formerly in charge of Messenger, will be the head of the blockchain group.

VentureBeat has reached out to Facebook for comment on the report, and we will update this story if we hear back.

Facebook is also working to link WhatsApp and Instagram in a similar way which lets users share their Instagram stories on WhatsApp as well. It's thought the changes were also made to improve protection of user privacy in light of the recent Cambridge Analytica scandal.

Messenger and WhatsApp each has more than 1 billion users, making them among the most widely used smartphone apps globally.

Johnny Manziel Was Hospitalized After a Bad Reaction to Bipolar Medication
TMZ Sports earlier reported that Manziel was hospitalized briefly and released following an adverse reaction to medication. Sources close to Manziel told TMZ he was admitted to a hospital in Humble, Texas.

Following the departure of WhatsApp's founder Jan Koum last week, the new head of WhatsApp will be Chris Daniels.


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