Meta Platforms has appointed Indian entrepreneur and Meta Platforms executive and CRED founder Kunal Shah as the new global head of WhatsApp , in a leadership transition that also includes a major strategic investment in his fintech venture.
The move comes as outgoing WhatsApp chief Will Cathcart steps aside after seven years at the helm, with Meta indicating he will transition into another leadership role within the company.
As part of the broader deal, Meta is reportedly investing about $900 million in Shah’s fintech company CRED , valuing the Bengaluru-based startup at approximately $4.5 billion and securing a minority stake.
Founded in 2018, CRED operat...
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Meta Appoints Shah To Lead WhatsApp In Major Leadership Shift
Source: Leadership News
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