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
