Daniel Levy is the new director of risk management at social network Facebook. He has formerly held senior leadership positions at eBay-owned online payment company Paypal. In his new role, Levy (pictured) 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.
It’s the latest move by Facebook to operate like a public company, even though it doesn’t plan to go public for years. Public companies typically have high-placed managers to help executives understand what risks they face.
Meanwhile, I’m also hearing that Facebook may hire another Ebay manager, Greg Isaacs (no, not that one), 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.