Meta paid $19 billion for WhatsApp over a decade ago, yet it contributes less than 2% of Meta's revenue. With AI launches failing and morale low, Meta is reorganizing and spending $145 billion to find growth. Kunal Shah becoming WhatsApp CEO signals a push to transform the messaging platform into fintech, with lending as a feature.
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Summary by ByteBrief
Lama AI raises $10M to accelerate automated loan originations