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Facebook splits into three units, shuffles execs

Facebook is reshuffling its organization and top product leadership, including new leaders for its Messenger, WhatsApp, and core Facebook apps, as Recode first reported and the company confirmed to Axios.

Why it matters: CEO Mark Zuckerberg has revamped his nearly 15-year-old company the way a software developer would refactor an overgrown codebase, looking for new efficiencies and room to grow in new areas — one of which, blockchain, is getting its own new unit.