Facebook is building up its blockchain team

CNBC is reporting that Facebook has six job openings for its blockchain group, which was launched by David Marcus in May. The latest listing, for a head of business development, suggests the company may be looking to get active in dealmaking.

Facebook is looking for a “head of business development & partnerships” for blockchain at its Silicon Valley headquarters. Qualifications include at least 15 years of dealmaking experience for someone who can “lead, grow and mentor a global team of experienced business development professionals.”

It’s the company’s sixth — and most revealing — job post for its new blockchain group. The five other positions are for a public policy manager, a software engineering manager in Israel, a media director and two jobs in marketing. CNBC 

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The listing for the business development position is more illuminating because big acquisitions have been central to Facebook’s expansion into new areas. Most notably, in 2014 Facebook spent $19 billion on WhatsApp, snapping up a leading messaging platform. Its next two biggest deals were for photo app Instagram ($1 billion) and virtual reality hardware developer Oculus ($2 billion).

Tags: Technology, Facebook blockchain, crypto, facbook crypto, Facebook is building up its blockchain team

Mohsen Daemi
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