Market News

Could WhatsApp Boost META’s Fortunes? Zuckerberg Thinks So

Facebook parent Meta’s (NASDAQ:META) multitude of problems including rising expenses, recent layoffs, metaverse cash burn, and most recently, reports of user accounts being accessed by its employees for bribes are well-digested by the markets currently.

Now, in what could be a glimmer of something positive for investors, the company’s CEO Mark Zuckerberg has informed its employees that WhatsApp and Messenger could drive the social media giant’s next phase of top-line growth, according to Reuters.

The CEO noted that the two messaging apps are very early in monetization and business messaging could probably be “the next major pillar” of its business.

META shares have now tanked nearly 67.3% over the past year with its market capitalization currently hovering at $300 billion levels.

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More