Will Cathcart to Step Down as WhatsApp Head; Kunal Shah Named Successor Amid Meta Investment in Cred
58Framing Analysis
Will Cathcart is departing as head of WhatsApp after seven years, with Kunal Shah, founder of Indian fintech Cred, appointed as replacement. Meta is investing $900 million in Cred at a $4 billion valuation for a 20 percent stake. The leadership change and investment were reported by Bloomberg and The Verge, with announcement details from The Verge.