Financial TimesFinancial Times

Executive leading Meta’s faltering digital currency project quits

By Dave Lee

01 Dec 2021 · 3 min read

The departure comes after Meta, Facebook’s parent company, suffered a string of setbacks in its attempts to launch ambitious cryptocurrency products, including a new digital token, Diem.

In a series of tweets posted on Tuesday morning, Marcus said he planned to launch “something new” outside the social networking giant, and that his “entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it”.

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