PayPal chief since 2012 leaves for Facebook

David Marcus, president of Paypal since April, 2012, is switching jobs and moving to Facebook.

PayPal creator and retail giant, eBay, announced that Marcus 'has made a career decision to focus on what he loves most -- leading smaller teams to create great product experiences.'

Facebook also commented on Marcus joining their team and said that he will 'lead our efforts in mobile messaging,' adding that 'messaging is a core part of Facebook's service and a key to achieving our mission of making the world more open and connected. We're excited by the potential to continue developing great new messaging experiences.'

After the two companies released their statements regarding Marcus' shift of workplace, eBay shares dropped 2.6% while Facebook shares climbed another 0.5%.