Facebook gets a Blockchain team

Facebook gets a Blockchain team

Koum's departure and Tuesday's shuffle come as Facebook is reeling from a data scandal that affected tens of millions of Facebook users when the political firm Cambridge Analytica exploited a loophole on the social media platform.

The experimental blockchain group will be led by David Marcus, the executive most recently in charge of Facebook's Messenger group. Several other key members will have new responsibilities. One will be tasked to tap into emerging technology, such as the blockchain which powers cryptocurrencies like bitcoin. Notably, you will find that this rejig doesn't see anyone leaving the organization. The visual representation of these changes reveals just how few women are in the company's top leadership responsible for products and engineering.

Earlier this year, Facebook Chief Executive Mark Zuckerberg had expressed his interest to study the positive and negative aspects of encryption and cryptocurrency.

Chris Cox, the chief product officer in charge of the flagship Facebook service, will now also oversee the widely used services Instagram, Messenger and WhatsApp, the company said. Will Cathcart will become head of Facebook's core application, the company said.

More news: When the world first Met Musk, Grimes together
More news: Mark Williams Does His Post World Championship Press Conference Naked
More news: Sensex Jumps Over 150 Points, Nifty Touches 10750, ICICI Bank Surges 7%

Facebook is going through a massive executive shakeup, reorganizing and assigning new leaders to practically all of its major product teams. As part of this week's reorganization, most Facebook apps are getting new leaders, save Instagram, which will continue to be run by Instagram CEO Kevin Systrom.

Photo Mike Schroepfer, Facebook's chief technology officer, will lead a division focused on emerging technologies like virtual reality and artificial intelligence.

The new hierarchy at Facebook is split up into three overarching groups: the app family, new platforms and infrastructure, and central product services. This is also true for potentially large areas of growth within the company, like AR and VR, as well a brand-new blockchain initiative. The Central Product Services will encompass ads, security, and growth teams - basically "all of the shared features that operate across multiple products or apps", according to Recode.

This rejig of executives is meant to increase privacy of the users and improve executive communication.

Related Articles

  • Labor set for byelection test after High Court ousts Gallagher

    Labor set for byelection test after High Court ousts Gallagher

    Ms Gallagher said she was "deeply disappointed" with the outcome, making her the 11th politician to be booted out of Parliament. This would require a referendum, which could very well eventuate if the argument gains enough momentum.
    Hornets to hire ABQ native James Borrego as coach

    Hornets to hire ABQ native James Borrego as coach

    He will replace Steve Clifford , who was dismissed after consecutive 36-46 seasons with the Hornets . The Hornets had missed the playoffs in three of the past four seasons, including the last two.
    Warriors, Rockets on course for West Finals

    Warriors, Rockets on course for West Finals

    The Warriors gave JaVale McGee the starting nod in the series against San Antonio but switched things up in this series . They have just too many weapons, and too many diverse ways to exploit you, that teams can't try to defend them all.
  • It Happened. Katy Perry Extended an Actual Olive Branch to Taylor Swift

    It Happened. Katy Perry Extended an Actual Olive Branch to Taylor Swift

    At the time, Swift told Rolling Stone without mentioning Perry's name, "For years, I was never sure if we were friends or not". Perry, 33, and Swift , 28, were friendly at the start of their careers, but by late 2013, their relationship had soured.
    Israel strikes Iranian targets in Syria

    Israel strikes Iranian targets in Syria

    Israel has warned of open war with Iran, saying it will not allow Tehran to establish a permanent military presence in Syria. Israel then destroyed what it describe as the Iranian command and control center in Syria that dispatched the drone.
    India refuse day-night cricket Test against Australia

    India refuse day-night cricket Test against Australia

    South Africa was initially reluctant to play their day-night match in 2016 sighting an extra advantage for the home team . The CA wished for the opening Test at Adelaide from December 6-10 to be a pink-ball Test match.
  • Pompeo arrives in North Korea for pre-summit meetings

    Pompeo arrives in North Korea for pre-summit meetings

    Pompeo said their release would be received as a significant goodwill move by Pyongyang ahead of any Trump-Kim summit. In a pool report on his way to the region, Mr.
    Destiny 2: Warmind DLC out now

    Destiny 2: Warmind DLC out now

    This week, the crew is revisiting the 2017 blockbuster Destiny 2to celebrate the launch of Warmind , the game's second expansion. If you're unfamiliar with the game, which is now available for PS4, Xbox One , and PC, you can check out our review .
    China's trade surplus with the U.S.  swells amid trade tensions

    China's trade surplus with the U.S. swells amid trade tensions

    The United States and China will hold a new round of trade talks after no breakthroughs emerged from their first meeting. China's General Administration of Customs, which oversees food imports, did not respond to a fax seeking comment.
  • Kris Jenner 'Hacked' Kylie Cosmetics For Her Own Mother's Day Makeup Line

    Kris Jenner 'Hacked' Kylie Cosmetics For Her Own Mother's Day Makeup Line

    As if that wasn't extra enough, Jenner also created a face palette which, of course, features her face emblazoned across it. And who can blame them? She was snapped by paparazzi with her hand on the doorman, appearing to give him a little push.
    Google launches auto-complete sentences in Gmail

    Google launches auto-complete sentences in Gmail

    You can also report an email as a phishing scam by clicking on the dropdown menu, marked by an arrow, in the righthand corner. The suggestions will appear in faint type ahead of your cursor; hitting the tab button will add them to your message.
    Big viewership drop for the post-Backlash episode of WWE Raw

    Big viewership drop for the post-Backlash episode of WWE Raw

    It was also a big night in sports with National Basketball Association and NHL playoff games airing as competition for Raw. - As noted, hometown star Zack Ryder faced Curt Hawkins in a WWE Main Event match before this week's RAW on Long Island.