Source: https://www.moneycontrol.com/news/business/startup/kunal-shah-to-become-global-ceo-of-whatsapp-meta-invests-nearly-1-billion-in-cred-13955883.html
(https://i.ibb.co/6JfxFtfs/n-MDc3h-Ov-MMmif-E4j-PA9-D0eh-RGOU1-Mz9-Lfgy-HTKXBmk.jpg)
Investing that kind of money in Cred makes hardly any sense - they're still not profitable after eight years.
I have mixed feelings about Kunal. He's definitely good at spotting market fit, but something about him feels off - he got lucky with FreeCharge.
That $1 billion is supposed to fund the infrastructure for moving all user credit‑card data from Cred to WhatsApp.
Bro's dream of cashing in on credit‑card data for billions finally materialised.
I still can't figure out how that grifter keeps pulling the same tricks.
Thankfully I never used that crappy app.
Now WhatsApp will use Cred as its payment gateway.
Unreal. Why does Zuckerberg keep picking people like Wang and Shah? No surprise they're behind everything now.
He's the textbook case of fake it till you make it.
What value did Cred actually add? What's its value proposition? Seems like a useless app.
So Kunal Shah is the new WhatsApp CEO now?