Dan Levy started at PayPal in October, 2001 as a product manager. Seven years later, he was with the same company and his business cards read “Head of Risk Management, Europe.” But in what seems like a loss for eBay and a gain for a certain social network, Levy’s now gone to work for Facebook.
“Director, Risk Management” is the man’s fresh title. Eric Eldon reports, “In his new role, Levy . . . will be working with the Facebook operations team to figure out how to help the company manage risk, especially in terms of its finances. Among other things, he’ll be analyzing how to protect the company’s advertising revenue stream, drawn from more than 10,000 advertisers.”
Dan Levy
Considering Facebook’s recent stock sale turnabout, this appears to be a smart corporate move. There’s the whole recession thing to consider, too, of course; even more than usual, now’s an excellent time not to lose ground.
And on that note, here’s one other little detail that spells bad news for eBay: Eldon continued, “I’m also hearing that Facebook may hire another Ebay manager, Greg Isaacs . . . to replace Benjamin Ling, the former marketing leader for Facebook’s developer platform. Isaacs has helped open auction site eBay to third-party developers. At Facebook, Isaacs would be in charge of marketing Facebook’s effort, if he’s offered the job.”
Amid all this questionable news, eBay’s stock is having a good day, at least, up 7.69 percent not long before the closing bell.
