Move over, PayPal: Facebook confirmed a report by AllThingsD that it will test a new payments product that will allow Facebook credentials to be used by users completing transactions on mobile applications.
Electronic payments startup Square dipped into Facebook’s talent pool for the second time in the past few weeks, as its new data science lead is Rong Yan, an engineering manager on the social network’s ads team for the past four years, AllThingsD reported. Facebook Ads Product Director Gokul Rajaram announced in late June that he was leaving to join Square as product engineering lead.
Facebook’s ongoing revamp of its advertising will have to go on without its leader, as Ads Product Director Gokul Rajaram is leaving the social network to join Square, the electronic payments startup founded by Twitter Co-Founder Jack Dorsey, as product engineering lead.
Facebook finished second to Google, at least on the annual 40 Under 40 list from Fortune, as Facebook Co-Founder and CEO Mark Zuckerberg came in at No. 2, trailing only Google Co-Founder and CEO Larry Page.