David Marcus

Current payment rails, particularly in the U.S., are decades old. In recent years, fintech companies have built new ones, but it takes years and millions of dollars to do.

Decentralized finance may be the answer to banking’s payment rails problem

Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi,…

Meta is pulling the plug on its crypto payments wallet, Novi

Postmates founder Bastian Lehmann’s new crypto startup TipTop was lightly teased out a few weeks ago, but now the stealth startup is sharing some info on its early funding, though…

Postmates founder banks $23 million for his new crypto startup TipTop

After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land. Today, the former Messenger boss and Paypal executive offered some early…

Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm

As Facebook transitions its corporate branding and organizes around a “metaverse” future, a number of high-profile execs have been leaving the company. Last week, former Messenger boss and current crypto…

Meta’s Messenger boss, Stan Chudnovsky, is the latest exec to leave the company formerly known as Facebook

Felix Capital, the London VC firm that has built a portfolio emphasizing investments in startups in the ecosystem that supports the creative class, is bringing on two more partners, Julien…

Felix Capital adds Julien Codorniou, ex-head of Meta’s Workplace; Susan Lin as newest partners

Hello friends, and welcome back to Week in Review! Last week, we took a break from contextualization for some guides to consumption. This week, we’re looking at what’s happening in…

Jack Dorsey dials in on his dream job — bitcoin missionary

Facebook parent company Meta is losing its top crypto executive later this year. David Marcus who leads crypto unit Novi and previously helmed the company’s Messenger unit, announced Tuesday that…

Facebook’s top crypto executive David Marcus is leaving the company

To kick off 2020, one of Europe’s newer — and more successful — investment firms has closed a fresh, oversubscribed fund, one sign that VC in the region will continue…

Felix Capital closes $300M fund to double down on DTC, break into fintech and make late-stage deals

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Libra’s critics are missing the forest for the trees

Critics of Facebook’s proposed stablecoin are well-intentioned, but they’re missing the forest for the trees.

12:20 pm PST • November 7, 2019
Libra’s critics are missing the forest for the trees

Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed interest in joining the Libra project…

Libra claims 180 potential replacements for 7 mutineers

What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners — including Visa, Mastercard,…

Pegging Libra to just the $ could soothe regulators, a16z says

Facebook’s messaging app for under 13s, Messenger Kids — which launched two years ago pledging a “private” chat space for kids to talk with contacts specifically approved by their parents…

Facebook fails to keep Messenger Kids’ safety promise

As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces…

Congressional testimony reveals some faults in Facebook’s digital currency plans

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Facebook’s regulation dodge: Let us, or China will

Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed that if the U.S. limits its size, blocks its acquisitions or bans its cryptocurrency, Chinese company’s absent these restrictions will win abroad, bringing more power…

10:56 am PDT • July 17, 2019
Facebook’s regulation dodge: Let us, or China will

A Swiss regulatory agency that Facebook executive David Marcus said in congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has…

Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security

Facebook will only build its own Calibra cryptocurrency wallet into Messenger and WhatsApp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking…

Highlights from Facebook’s Libra Senate hearing

The head of Facebook’s blockchain subsidiary Calibra David Marcus has released his prepared testimony before Congress for tomorrow and Wednesday, explaining that the Libra Association will be regulated by the…

Facebook’s testimony to Congress: Libra will be regulated by Swiss

The $10 million entry fee to join the Facebook-developed cryptocurrency’s Libra Association is merely a minimum. Members who’ll verify transactions can opt to invest more in exchange for more Libra…

We still don’t know how much of Libra Facebook owns

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The definitive Patreon reading guide

At nearly six years old, Patreon has gone from startup to king of membership. Now an established leader in an industry that’s been flipped on its head, Patreon’s path has been anything but predictable — peppered with its share of milestones, mishaps, pivots, champions, and critics — and offers invaluable insights for founders, investors, creatives, or…

8:53 am PST • February 12, 2019
The definitive Patreon reading guide

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Facebook poisons the acquisition well

Who should you sell your startup to? Facebook and the founders of its former acquisitions are making a strong case against getting bought by Mark Zuckerberg and Co. After a half-decade of being seen as one of the most respectful and desired acquirers, a series of scandals has destroyed the image of Facebook’s M&A division. That…

3:12 pm PDT • September 26, 2018
Facebook poisons the acquisition well

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What the Facebook Crypto team could build

Facebook is invading the blockchain, but how? Back in May, Facebook formed a cryptocurrency team to explore the possibilities, and today it removed a roadblock to revealing its secret plans. Former head of Messenger David Marcus, who leads the Facebook Crypto team, today announced he was stepping down from the board of Coinbase, the biggest crypto…

10:35 am PDT • August 10, 2018
What the Facebook Crypto team could build

Messaging app firm Line has confirmed it will launch a cryptocurrency exchange called BitBox next month. The company said back in January that it planned to enter the crypto space…

Chat app Line to launch crypto exchange in July but it won’t cover US or Japan

After four years at the helm of Messenger, David Marcus will be leaving the team to lead a small group of Facebook employees to explore what blockchain technologies can do…

Messenger chief leaving role to explore blockchain tech for Facebook

David Marcus, Facebook’s vice president of Messaging Products, responded to the backlash against Messenger Kids when he spoke at the Upfront Summit in Los Angeles on Thursday. “Families will be…

David Marcus defends Facebook’s Messenger Kids platform

Facebook has come under fire for its role in influencing the U.S. presidential election, particularly when it comes to “fake news” and Russian-sponsored ads.  When asked about this at WSJ…

Facebook’s response to Russian election interference: ‘Bad things happen’

Earlier this summer, Facebook began to disable messaging in its mobile web app in order to push people to use its mobile Messenger app. However, this morning at TechCrunch Disrupt SF…

Facebook isn’t entirely killing off the mobile web version of Messenger

Will voice replace our thumbs? Will brands drown out our friends? Are chatbots the future if nobody wants them? TechCrunch Disrupt SF will get the answers from David Marcus, Facebook’s…

At Disrupt SF, Facebook’s Chief Messenger David Marcus will chat about chat

So far we’ve heard the board is looking for someone who can focus solely on Twitter (and not some other *cough Square) company, is a heavy tweeter, and gets the…

13 People Who Could Be Twitter’s Next CEO

Facebook doesn’t show ads in Messenger or WhatsApp. Instead, payments could be the key to earning money on chat, especially in the developing world where ad rates are low. If…

Facebook Poaches PayPal President David Marcus To Run Messenger, Maybe Monetize It With Payments