Google's $182 million employee
The company is gearing up for an all-out war with Facebook, and it wants Max Levchin to help lead.
Now, Levchin (pictured) has rocketed into the role of VP of engineering at Google. It's rare for an outsider to land a top position like that, writes VentureBeat, and it's a sign that Levchin has a huge amount of power and influence there.
Fast Company asks the big question: "Did Google pay $182 million for Slide, or did they pay it for Max Levchin?"
So who is this guy? Levchin was a co-founder of PayPal and netted about $35 million when the company was sold to eBay, according to Fast Company. His newest company, Slide, makes games and other items that you can buy on Facebook.
The New York Times reports.
Google decided that Slide -- and Levchin -- will be key to building up its own social-networking platform. Facebook is far and away Google's biggest competitor at the moment, and Google is late to the social-networking party.
So Google is opening its wallet in hopes of catching up. The company recently bought Zynga, a huge social-game shop. And this week, news emerged that Google bought Angstro, a company that grabs information about people from Facebook and LinkedIn.
So the war against Facebook is just starting to shape up. Does Google have what it takes to catch the social-networking giant?
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