CRED Founder Named WhatsApp CEO

Will Cathcart, current CEO of WhatsApp, announced that Kunal Shah, the founder of the Indian company CRED, will assume the leadership of the application following Meta's investment in CRED of approximately $900 million, which grants Meta an almost 20% stake in the company. CRED is currently valued at $4.5 billion, and Shah will be responsible for developing revenue streams and integrating artificial intelligence technologies into WhatsApp. Shah will be working from Meta's headquarters in the San Francisco Bay Area after relocating from Bangalore.

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