The social media operator is seeking a head of investments for its NPE subsidiary who will reportedly work with Gradient Ventures alumnus Shabih Rizvi.

US-based social media company Facebook has begun setting up a corporate venture capital unit, Axios reported yesterday, citing a job listing posted by the firm. The prospective employee will be head of investments at Facebook’s New Product Experimentation (NPE) subsidiary, which it formed to launch consumer-focused apps. The post has since been deleted but it…

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