PayPal vice president of growth Stan Chudnovsky will join Facebook in February as product manager of its Messenger applications, reporting to a familiar face: VP of messaging products David Marcus, who left his post as president of PayPal in June to join the social network.
Facebook co-founder and CEO Mark Zuckerberg said during the company’s third-quarter earnings call Tuesday that he envisions Facebook as a collaborator and not a competitor when it comes to electronic payments.
Facebook debuted the first-ever ad backing its Messenger applications in a Facebook post by former PayPal president David Marcus, who joined the social network in June to lead its mobile messaging efforts.
Facebook’s share of social logins rose 2 percent in the third quarter of 2014 from the second quarter, to 46 percent, driven largely by a 9 percent bump-up in the entertainment category, according to the latest report from customer-profile-management technology provider Janrain, a Facebook Preferred Marketing Developer.
Will users of Facebook’s Messenger applications feel comfortable enough to send sawbucks via the apps, instead of stickers? TechCrunch shared screenshots captured by Andrew Aude, a computer-science student at Stanford University, confirming the existence of coding within the iOS version of the app that would enable payment processing.
Every day, millions of people around the world spend countless hours socializing with friends and connecting with their favorite brands on Facebook. With more than 1.28 billion monthly active users, it’s the world’s most vibrant and engaging social media website. As a result, it is equally attractive for entrepreneurs and brands around the world that are looking to find different ways of connecting with their target audiences. Similarly, “solopreneurs,” freelancers, and creative professionals have also found Facebook very effective in helping them expand their fan bases and sell more products.
Social selling service Soldsie successfully sold its prospects to investors, closing a $4 million series-A financing round this week, led by First Round Capital, which brought its total financing to $5.6 million.
Facebook made some announcements about its Autofill with Facebook mobile payments feature at its F8 global developer conference in San Francisco Wednesday, making the feature available to Facebook commerce provider Ecwid, as well as testing an extension of Autofill with Facebook with test partner JackThreads, TechCrunch reported.