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PayPal president departs eBay for Facebook

By Washington Examiner
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NEW YORK (AP) — David Marcus, the head of eBay’s PayPal unit, is leaving the company for Facebook, where he’ll lead mobile messaging products.

EBay Inc. said Tuesday that Marcus is departing on June 27, three years after joining PayPal. Marcus says his role at PayPal was becoming too much of a management position and he preferred to focus on building products.

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