Facebook Inc. is undergoing the company's biggest restructuring after the creation of the Cambridge Analytica scandal. The transformation has so far affected the main divisions. It is not clear if other units will follow.
Bloomberg said Wednesday that Facebook has named new leaders for some of its core businesses, including the core social network. Chris Cox, who was formerly Chief Product Officer of Facebook, is now the overseer of all of the company's apps. In the meantime, Will Cathcart has been named new head of the Facebook application.
Facebook has also announced that Adam Mosseri, who previously led his news feed unit, will serve as the product manager on Instagram. This means that Mosseri replaces Kevin Weil, who is now part of the Blockchain team. Speaking of Blockchain, the unit behind it is headed by David Marcus, the former head of the Messenger chat app.
Marcus has already taken on his new role, based on his post on Tuesday, saying, "I'm setting up a small group to explore how to make the most of Blockchain on Facebook, from scratch." Apart from the leading messenger for nearly four since December last year, Marcus is also known as board member of the cryptocurrency exchange Coinbase, so Cointelegraph.
Meanwhile, WhatsApp co-founder Jan Koum announced his withdrawal from Facebook late last month, as rumors of his alleged disagreement with Mark came to Zuckerberg's company over privacy issues and data encryption. Facebook now relies on Chris Daniels WhatsApp, who previously oversaw the company's Internet.org initiative, which promotes connectivity in developing countries.
Most recently, Facebook has added Jeff Zients to his board. Zients is known to be the current CEO of the CraneMere group and a former official of the Obama Administration. "I'm proud to join the Facebook Board and look forward to working with Mark and the other directors on how the company is building for the future," Zeints said in a statement.
Although some associate the redeployment with the controversial data scandal that Facebook has suffered from Cambridge Analytica, it is also possible that rethinking Facebook is a way of encouraging its executives to bring fresher ideas into teams and units they previously did not have treated. [1