Facebook shuffles execs of key apps in biggest reorganization

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"After almost four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge", said Marcus on his Facebook page.

As part of a massive reorganization of its executive team, Facebook is assembling a team that will explore applications of blockchain technology.

Facebook executive Javier Olivan, Vice President of Growth, will oversee the third division titled "Central product services".

There are a handful of other executive shuffles detailed in the Recode report, including the news that Chris Daniels, the VP of Facebook's Internet.org group, is taking over WhatsApp.

A Facebook spokesperson confirmed the news of the re-organisation to Business Insider.

Facebook just announced it's creating a new team dedicated to exploring how the social media giant can use blockchain technology.

But the sweeping reorganization also comes at a sensitive moment for Facebook. In addition to the Facebook app, Cox will now oversee WhatsApp, Instagram, and Messenger.

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In its quarterly report shared with the US Securities and Exchange Commission (SEC), without mentioning Cambridge Analytica, Facebook said that its ongoing investments in safety, security and content review will identify additional instances of misuse of user data.

Marcus didn't reveal the type of applications for blockchain that he'll be working on At Facebook. Andrew Bosworth is leading AR and VR.

Tech news website Recode reported that Facebook placed longtime executive Chris Cox in charge of Facebook, Instagram, WhatsApp and Messenger.

Lastly, central product services is a lot of the core functionality that drives the company: Ads; analytics; integirty, growth, product management.

"This is an important time for Facebook as we take a broader view of our responsibility", Zuckerberg wrote in a Facebook post Tuesday.

The company's CEO Mark Zuckerberg has also revamped the product and engineering organizations into three main divisions. "Jeff's experience will help us navigate the challenges we face", Facebook CEO Mark Zuckerberg said in a separate post, on Tuesday. The company also announced today that Jeff Zients, the CEO of Cranemere, a holding company for businesses in the USA and Europe, has been appointed to Facebook's board of directors.

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