Ebay Down After Announces President of Ebay Will Step Down

Shares of eBay

are down more than two percent in afterhours trading after the company announced that David Marcus, president of PayPal will be leaving the company. Marcus will be joining Facebook

to lead its messaging products. Ebay reassured investors by reaffirming 2015 guidance: "PayPal continues to build good momentum and is on track to meet its guidance for 2015."