Facebook biggest executive shakeup in its 15 year

Gwen Vasquez
May 9, 2018

However, the executives responsible for the company's core products-Facebook, Instagram, Messenger, WhatsApp-that reach 5 billion people worldwide each month, as well as its engineering and AI infrastructure, are all led by men.

Facebook is also researching future applications of blockchain technology, with a small unit of employees dedicated to the tech.

Facebook executive Javier Olivan, Vice President of Growth, will oversee the third division titled "Central product services".

Facebook is undergoing one of the biggest executive reshuffles in its history, the company announced internally today, Recode reports.

Facebook confirmed the specifics of the reorganization.

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The re-organisation comes after a bruising year for Facebook.

Facebook will now operate under several branches: a "family of programs" team (such as Facebook, Insta-gram, whats app and Messenger), a brand new platforms branch (which includes a block-chain technology group, augmented and digital truth, venture engineering and artificial intelligence) and a "fundamental product companies" group, that covers shared resources like adverts, data analytics and safety. The changes have come at a time the company is facing backlash with regulators in the USA and Europe, following the misuse of its platform by the Russian government and Cambridge Analytica.

Chris Daniels, who has been in charge of a Facebook effort to expand Internet access, will be the head of WhatsApp, succeeding Jan Koum, the WhatsApp co-founder who quit the company last week.

Marcus didn't reveal the type of applications for blockchain that he'll be working on At Facebook. "David Marcus, the executive in-charge of Facebook's standalone messaging app, Messenger, is leaving that post to run the Blockchain group", the report said late on Tuesday. Those three sections are being led by Mark Rabkin, Alex Schultz, and Naomi Gleit respectively.

Appearing before the US Congress, Facebook CEO Mark Zuckerberg told the lawmakers that his own personal data was part of 87 million users' that was "improperly shared" with the British political consultancy firm Cambridge Analytica which has not shut down operations. "Jeff's experience will help us navigate the challenges we face". It's worth noting that Marcus joined Coinbase's board of directors in December 2017. The 33-year-old CEO did not address the broader restructuring.

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