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Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California.
- Facebook is shaking up its org structure.
- The company will now be comprised of three key areas: New platforms and infrastructure, Central product services, and Family of apps.
- Facebook is also researching future applications of blockchain technology, with a small unit of employees dedicated to the tech.
There's a massive shake-up afoot at Facebook.
The social networking giant is undergoing a huge restructuring, shaking up its executives and rearranging the company into three core areas. $4, and some Facebook execs are sharing info on Twitter.
A Facebook spokesperson confirmed the news of the re-organisation to Business Insider.
Facebook will now comprise of three key areas: New platforms and infrastructure, led by CTO Mike Schroepfer; Central product services, led by VP of growth Javier Olivan; and Family of apps, led by chief product officer Chris Cox.
Facebook itself, Instagram, WhatsApp, and Messenger all fall into that last category.
Meanwhile, David Marcus, formerly the head of Messenger, is taking the helm of a newly announced blockchain unit at the company.
This story is developing...