Hiring Signals: Facebook Looking for Someone to Lead Its Payments Initiatives

On the conference call this morning discussing DST’s $200 million preferred equity investment in Facebook, CEO Mark Zuckerberg mentioned that while advertising is currently Facebook’s largest revenue stream by far, the company is looking at microtransactions as a potentially significant future business.

“We’ve tested and are continuing to test a number of things with user payments,” Zuckerberg said. “It’s not a large part of the business now, but we hope it can be in the future.

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