Meta CEO Mark Zuckerberg announced that Will Cathcart, the head of WhatsApp who has served for over seven years, will step down and be succeeded by Kunal Shah, founder of Indian fintech startup Cred. Cathcart will transition to a new role within Meta, responsible for the development of entirely new products. As part of the deal, Meta will invest $900 million in Cred, acquiring approximately a 20% stake, with Cred's post-investment valuation reaching around $4.5 billion.
