Reginal Thomas
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PayPal President Stepping Down To Join Facebook

David Marcus, the President of PayPal has announced his is stepping down from his post with the company to join Facebook. He will be working Facebook's mobile messaging products. In a public facebook post Marcus wrote, "I feel that PayPal has never been in a better position to capitalize on its unique place in the market." 

Marcus joined PayPal in 2011 after it bought his company Zong, he was promoted to President in 2012. Until a replacement is found PayPal's leadership will report to Ebay's President and CEO John Donahoe.