Metas Cred game suggests it wants a slice of Indias digital economy but is talent acquisition enough?

Image for article Metas Cred game suggests it wants a slice of Indias digital economy but is talent acquisition enough?
News Source : Livemint

News Summary

  • Mark Zuckerberg has lately been reaching for his cheque book to solve strategic problems.
  • He appears to have taken a similar playbook to WhatsApp.
  • As reported, it has invested $900 million in Indian fintech startup Cred for a minority stake and asked its founder Kunal Shah to lead the chat platform globally.
  • India is central to Meta’s growth story.
  • Its choice of Shah—a serial entrepreneur with success in payments, credit and other financial services—would suggest that Meta wants to monetize WhatsApp quickly.
India is central to Metas growth story.

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