Meta exec who co-founded digital currency Diem leaves the company
A Meta executive who co-founded digital currency Diem is expected to leave the company at the end of this year to pursue new ventures.
David Marcus said in a blog post on Tuesday that he would be leaving Facebook’s parent company after seven years.
Marcus started in the company in 2014 and worked for the Messenger platform for years. A trusted lieutenant to the CEO Mark ZuckerbergMark ZuckerbergHillicon Valley – States Investigate Tech Giants Executives personally approved of Facebook-Google ad collusion plot, states say states are moving forward with Facebook antitrust case, would probe unit VR PLUShe moved to the company’s digital wallet service, Novi, then co-founded the digital currency Diem, Bloomberg reported.
“While there is still so much to do just after reaching a major milestone with the launch of Novi – and I remain more passionate than ever about the need to change our payments and financial systems – my entrepreneurial DNA drives me too long mornings in a row to continue ignoring it,” Marcus said.
While there is still so much to do right after the launch of Novi – and I remain more passionate than ever about the need to change our payments and financial systems – my entrepreneurial DNA has driven me too many mornings of in a row to continue ignoring it. (2/7)
—David Marcus (@davidmarcus) November 30, 2021
Stephane Kasriel, the former Managing Director of Upwork Inc., who joined Meta in 2020, will take over Marcus’ role at the company.
Meta and Marcus struggled to launch Diem after it was announced in 2019, despite pushback from lawmakers and regulators, and it was scaled back from its original vision, according to Bloomberg.