A tweet from developer and Stanford student Andrew Aude caught the attention of TechCrunch and others when he posted, “@Facebook Messenger has P2P payments coming. @SquareCash style.” Facebook gave away its intentions when it hired David Marcus away from PayPal in June, Read more
New initiatives by social media tentpoles Facebook and Twitter seek to enhance the ecommerce capabilities of both sites. Neither site has become the online sales juggernaut their owners and investors would like to see in the ongoing quest to find Read more
Facebook invited Braintree as its sole payments provider powering the FbStart program. PayPal acquired Braintree last fall – it helps third-party companies including Fab and Uber add mobile payment capabilities to their services. Established companies in Silicon Valley encourage startups Read more
VentureBeat says eBay executives fired PayPal president David Marcus “because his vision for the virtual-payment kingpin wasn’t working out,” a claim that eBay immediately refuted. In, “Resigned, my ass: PayPal president David Marcus was fired, say eBay, Inc. execs,” VentureBeat cited “a Read more
eBay CEO John Donahoe will find himself filling in again as head of PayPal after President David Marcus handed in his resignation. Marcus is leaving PayPal on June 27 and will head to Facebook to head up its messaging products. Read more
Social networking site Facebook announced Tuesday it will offer video ads in its news feeds after having Facebook discussed video ads in October 2013, as they suggested a couple of ways to take advantage of video in Facebook’s mobile app. In its Read more
Social networks have different levels of commitment and aspirations toward the ecommerce space. Facebook has tried various efforts and angles to try and become a driver of online sales, while Pinterest has gradually rolled out some tools to help people see how Read more
