Facebook Inc. is going through its biggest management shakeup yet since its foundation in the aftermath of the Cambridge Analytica scandal. The reshuffling affects its main divisions so far. It’s not clear if other units will follow suit.
Bloomberg pointed out Wednesday that Facebook has named new leaders for some of its main divisions, including its core social network. Chris Cox, who was formerly Facebook’s chief product officer, is now the overseer of all of the company’s apps. Meanwhile, Will Cathcart has been named the new head of Facebook’s core application.
Facebook has also announced that Adam Mosseri, who previously led its news feed unit, will henceforth serve as the head of product at Instagram. This means Mosseri is replacing Kevin Weil, who is now part of the blockchain team. Speaking of blockchain, the unit behind it will be run by David Marcus, the former head of the Messenger chat app.
Marcus has already accepted his new role based on his post on Tuesday that read, “I’m setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch.” Aside from leading Messenger for almost four years, Marcus is also known for being a board member of cryptocurrency exchange Coinbase since last December, as per Cointelegraph.
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