Source: The Information
Summary
Will Cathcart, current head of WhatsApp, is moving to a new role at Meta. He will be replaced by Shivnath Thukral, who is leaving his position as CEO of Indian fintech company CRED. The move comes as Meta continues to expand its e-commerce and digital payments offerings. Cathcart’s new role has not been disclosed. Thukral will take over as head of WhatsApp, overseeing the messaging app’s global operations.
Our Reading
The announcement sounds ambitious.
WhatsApp gets a new boss, because what’s a few billion users without a fresh face at the helm? Shivnath Thukral, ex-CEO of CRED, is the chosen one. Will Cathcart, the outgoing head, is off to a new role at Meta, because one company can never have too many layers of management. Thukral will surely bring his fintech expertise to… wait, WhatsApp is still just a messaging app, right? WhatsApp’s new boss is here to “lead the app’s next phase of growth”, which is just code for “try to make money off those 2 billion users”.
Author: Evan Null
