Facebook gets a Blockchain team
Major Management rejig at Facebook, establishes team to focus on Blockchain.
Facebook announced a major shuffle of the management team on May 9th. This unprecedented move came as a result of the recent scandals that rocked the social network.
Sources report that, Facebook core app, WhatsApp and Messenger will get new leaders. Several other key members will have new responsibilities. Additionally, a team has been established to tackle Blockchain Technology. Notably, you will find that this rejig doesn’t see anyone leaving the organization. Just that old faces will have new responsibilities.
Mark Zuckerberg, remains the CEO of Facebook while Sheryl Sandberg, the Chief Operating Officer is his second in command. Chris Cox, will now oversee smartphone services Instagram, WhatsApp, and Messenger. Earlier, he was in charge of Facebook’s core application.
The social network giant’s product and engineering team has been split into three divisions. It includes a new “Family of apps” and an emerging technologies division, the latter will focus on Blockchain Technology. Chris Cox will be running the “Family of apps” group. David Marcus, who previously was in charge of Messenger will now manage the emerging technologies division.
CTO Mike Schroepfer will manage another division called “New platforms and infra.” He will also manage Facebook’s AR, VR and artificial intelligence efforts. Javier Olivan, will manage the third division, called “Central product services.” He is the company’s VP of growth. This division includes all the shared features that operate across multiple products or apps such as ads, security and growth.
This rejig of executives is meant to increase privacy of the users and improve executive communication.
Facebook has been in the limelight for all the wrong reasons of late. Especially the data breach of over 87 million users and the Cambridge Analytica scandal. The social network site also faces backlash from the 2016 U.S. Presidential Elections. It was revealed that the social network site was being used by the Russian Government to manipulate and spread propaganda. This executive shakeup, the biggest ever in Facebook’s fifteen year history will hopefully aid Facebook in striving past these scandals.
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