Yesterday David Marcus, the main driving force behind the creation of Meta’s Diem (formerly Libra), announced that he’s leaving the company at the end of the year after seven years. The news comes shortly after Meta’s wallet Novi launched with the Paxos stablecoin instead of Diem, owing to regulatory pushback. Stephane Kasriel, the former CEO at Upwork, is the new head of Novi, which now encompasses all of Meta’s fintech activities.
In the tweet announcing his departure, Marcus said, “my entrepreneurial DNA has been nudging me for too many mornings in a row”. According to Bloomberg, he will share more details in a blog post later today.
So the question is, what’s next? He mentioned looking forward to more free time in the next few months before building something new. That may be a nod to gardening leave. It’s hard to think his next role would involve anything other than the blockchain world.
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