Facebook get serious about blockchain, shakes up its executive team

Facebook CEO Mark Zuckerberg is still on top, but other parts of the Facebook universe have gotten shuffled around.

Zuckerberg will now oversee three core groups within products and engineering: "Central product services," "new platforms and infrastructure," and "family of apps," according to a report from Recode. The business, design, and other sides of the business will remain untouched. 

Facebook confirmed all the leadership changes, but wouldn't comment on the decisions. Back in January, Zuckerberg said he wanted to fix the social media platform as part of his New Year's resolutions. 

Within the family of apps, Facebook-owned products like Instagram, WhatsApp, Messenger, and Facebook are overseen by chief product officer Chris Cox. Everything but Instagram also has new heads. WhatsApp CEO cofounder Jan Koum left last week and has been replaced by Chris Daniels. Read more...