Novi Wallet Chief David Marcus Leaving Facebook

2021-12-01 02:2160865

Source: Decrypt

David Marcus, the executive who has shepherded Facebook's Novi wallet, announced he will be leaving the social media company at the end of December.

Personal news: after a fulfilling seven years at Meta, I’ve made the difficult decision to step down and leave the company at the end of this year. (1/7)

— David Marcus (@davidmarcus) November 30, 2021

Facebook, which recently changed its company name to Meta, has been working on its own stablecoin project for years. First known as Libra, the project weathered executive departures and broken partnerships before rebranding to Diem. The associated wallet, Calibra, ultimately became Novi.

Marcus has been with the company seven years.

This story is developing and being updated in real time.

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