Facebook Is Pivoting to the Blockchain

We wo n’t really know what kind of upshot Facebook will look from the Cambridge Analytica malicious gossip until its next earnings report , months from now . But Facebooks is taking a lesson from strugglingiced teaandcameracompanies by throwing some love to the blockchain . Investors : Are you happy now ?

Recodefirst reported the formation of a new blockchain division on Tuesday . David Marcus quicklyconfirmedthat he will no longer be running Messenger and instead will lead the way to crypto - heaven . Markustweetedthe intelligence , as one does , and linked to anoteon his Facebook page that does the common thanking of colleagues for “ a remarkable journeying . ” He also said that it ’s clock time for him “ to take on a raw challenge ” which will involve “ set up a small group to search how to best purchase Blockchain across Facebook , starting from scratch . ” He added , “ onward ! ”

That ’s about all we know regarding this new venture for Facebook . Recode mention that , as the former President of PayPal , Marcus has caboodle of experience with defrayment . He ’s also amemberof the circuit card for cryptocurrency exchange elephantine Coinbase .

Argentina’s President Javier Milei (left) and Robert F. Kennedy Jr., holding a chainsaw in a photo posted to Kennedy’s X account on May 27. 2025.

Personally , I would n’t have a bun in the oven Facebook to establish its own cryptocurrency in the near future . This is likely just an explorative mission that ’s designed to figure out how blockchain could fit out into the social meshing and to ensure that if the technology really is the time to come , Facebook does n’t get leave behind . Earlier this year , Zuckerberg did mention that he intended to take a thick dive into blockchain this year . He wrote :

With the rise of a diminished number of heavy tech companies — and authorities using engineering to watch their citizens — many people now conceive technology only centralize office rather than decentralize it .

There are important comeback - trend to this — like encryption and cryptocurrency — that take power from centralized systems and put it back into masses ’s hand . But they come with the risk of being hard to ascertain . I ’m interested to go deeper and study the positivist and negative face of these technologies , and how good to habituate them in our services .

William Duplessie

We are only half - kidding about the heroic pivot to the hot buzzword that Wall Street loves to detest . Headlines declared Facebook “ bulletproof ” following its most recent earnings call in tardy April , but the bulk of its scandal - plagued late story was n’t included in those numbers . It ’ll surely be throw out new initiatives ( like its planneddating armed service ) as tight as it can to keep investor interest high-pitched while it attempts to get itsstock priceback to the highs it was hitting in March .

Marcus ’s new position comes amidst thebiggest restructuringof corporate leading in Facebook ’s story . executive are being shuffled around and product divisions are being regrouped . As new synergy are found and thought ping pong off of whiteboards like balls of grease lightning , all we can do is traverse our finger’s breadth that someday we will be capable to pay for our commodity at the company computer memory with ZuckerCoins .

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