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Meta Taps New WhatsApp Boss as Part of $900 Million Investment

Meta has appointed Indian fintech founder Kunal Shah as the global head of WhatsApp. Shah is stepping down from his role at CRED to take the position. This leadership change coincides with a significant Meta investment in the fintech firm CRED.

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What changed

Kunal Shah replaces Will Cathcart as the head of WhatsApp following a Meta investment in CRED.

Live updates

  1. Meta Appoints Kunal Shah as WhatsApp Global CEO Amid Cred Investment

    Meta has appointed Indian fintech founder Kunal Shah as the global head of WhatsApp. Shah is stepping down from his role at CRED to take the position. This leadership change coincides with a significant Meta investment in the fintech firm CRED.

    What's confirmed:

    • Kunal Shah is the new global CEO of WhatsApp.
    • Will Cathcart is stepping down as the head of WhatsApp after seven years.
    • Meta is investing $900 million in the Indian fintech firm CRED.
    • Kunal Shah is exiting his role as the head of CRED.

    Still unconfirmed:

    • Meta is buying a 20% stake in CRED.
    • CRED is being valued at $4 billion.
    • CRED is being valued at $4.5 billion.
    confidence 90%