TechCrunch – 6/10/14: 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 that’s the strategy, Facebook just got the perfect executive to lead the charge. It’s poached PayPal’s president David Marcus to run its Messenger unit. Facebook hinted that Marcus would be looking outside of ads for how Messenger could bring in revenue, writing in its announcement of the hire that “David is a widely respected leader in the technology industry with a track record of building great products and finding creative ways to turn them into great businesses.” For now, eBay CEO John Donahoe will be the interim PayPal president.
Click here to read more: http://techcrunch.com/2014/06/09/facebook-poaches-paypal-president-david-marcus-to-run-messenger-maybe-monetize-it-with-payments
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