David Marcus quits Facebook
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finextra.comHowever, that pilot does not involve Diem, the stablecoin which, although now run independently, has been central to Facebook's plans but has faced a series of setbacks and stiff opposition from financial regulators since it was first unveiled two years ago under the Libra name.In posts on social media revealing his departure, Marcus says that "while there’s still so much to do right on the heels of hitting an important milestone with Novi launching" his "entrepreneurial DNA has been nudging me" to move on.He will leave at the end of the year, replaced by Stephane Kasriel, another PayPal alum.Recently, Marcus was at the centre of a reshuffle at Meta's financial services business, with all fintech products - from WhatsApp P2P payments to
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