VIDEO: Head Of EBay's PayPal Unit Steps Down To Join Facebook

eBay said on Monday David Marcus, who has led eBay Inc’s fast-growing payments unit PayPal, will step down from the e-commerce company on June 27 to run Facebook messaging products. EBay shares fell about 2 percent in trading after hours. Marcus has led PayPal, which has 148 million active users, for the past two years during which the payments unit has moved more aggressively into stores and mobile devices.

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VIDEO: Head Of EBay's PayPal Unit Steps Down To Join Facebook