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EBay’s PayPal Head Marcus Exiting to Lead Facebook’s Messaging

Facebook Inc. hired EBay Inc.’s PayPal President David Marcus to lead its mobile messaging business, as the social network seeks to gain an advantage in a fast-growing and competitive business.

Marcus, 41, is leaving PayPal on June 27, according to a statement yesterday from EBay. He will head up Facebook’s Messenger application and other mobile messaging efforts, reporting to Chief Executive Officer Mark Zuckerberg and Javier Olivan, who is in charge of growth at the social network, said Vanessa Chan, a spokeswoman at the Menlo Park, California-based company.