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The Latest Breaking News from Meta

Intellectual curiosity & infectious optimism: Industry cheers Kunal Shah's new role as WhatsApp Head

India Inc. is celebrating Kunal Shah's appointment as WhatsApp head, hailing it as a milestone for Indian startup leadership. Industry leaders lauded his "intellectual curiosity" and "infectious optimism," noting his unique philosophy background and entrepreneurial journey. Meta's investment in his fintech firm CRED and Shah's deep understanding of consumer behavior…

The Economic Times

Oracle lays off 21,000 employees in just 12 months due to AI adoption and costly AI infrastructure ambitions — says layoffs will continue as internal AI deployment grows

Oracle cut 21,000 jobs in fiscal year 2026 as AI automation and AI cloud expansions reshape its workforce and spending strategy.

Tom’s Hardware

Meta's Cred deal showcases new playbook: take stake, hire the founder

Meta is strategically acquiring minority stakes in tech firms and integrating their founders into senior roles, a pattern evident with Cred and Scale AI. This "acquihire" approach allows Meta to rapidly gain specialised talent and influence, bypassing lengthy onboarding processes and regulatory hurdles of full acquisitions. While founders benefit financially…

The Economic Times

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SpaceX's drop off sees Elon Musk's net worth fall $240 billion—roughly the same value as computing giant IBM

Musk’s net worth has dropped from a peak of $1.32 trillion to $1.08 trillion at the time of writing, per the Bloomberg Billionaires Index.

Fortune

Is AI Coming For Your Job? Concerns Mount As Oracle Lays Off Another Batch of 21,000 Employees

Oracle has cut 21,000 jobs globally, attributing the reductions to AI deployment. The company spent £1.36bn on severance and restructuring, highlighting the financial impact of its AI expansion.

International Business Times UK

Meet Kunal Shah: He once worked as a delivery boy to support family. Now he's set to lead world's biggest messaging platform

Kunal Shah, the visionary behind fintech success CRED and FreeCharge, is set to lead Meta's global messaging giant, WhatsApp. Shah, who previously overcame family bankruptcy by working odd jobs, will transition from his operational role at CRED, where he built a 17-million-member platform. He believes WhatsApp holds immense untapped potential,…

The Economic Times

Talent twist: Silicon Valley's India story takes an unexpected turn

The prospective appointment of Kunal Shah to a leadership position at WhatsApp exemplifies an emerging pattern: Indian founders are increasingly sought after by Silicon Valley. Unlike traditional executives who have ascended through corporate ranks, Shah's expertise originates from India's dynamic digital landscape. This reflects Big Tech’s shift towards valuing entrepreneurial…

The Economic Times

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Kunal Shah Joins Meta as WhatsApp Head, Steps Down from CRED

In a major development that has surprised and delighted the Indian startup ecosystem, CRED founder Kunal Shah is set to join Meta as the Global Head of WhatsApp. The announcement comes alongside leadership changes at CRED, where Shah will step down as CEO, handing over interim charge to Miten Sampat.

Whats Hot

Big Privacy Fail at Meta: AI Program Paused Following Company-Wide Data Leak

Meta has paused its AI training initiative after sensitive employee data was inadvertently exposed. The programme aimed to enhance AI models by recording employee interactions, raising privacy concerns

International Business Times UK

Who Is Kunal Shah? The Indian Founder Meta Bet $900 Million on to Lead WhatsApp

Kunal Shah, founder of CRED, appointed as global head of WhatsApp by Meta, following a £680 million investment in his startup. Miten Sampat steps in as interim CEO of CRED.

International Business Times UK

Meta hires Indian fintech start-up founder as new WhatsApp chief

Kunal Shah’s appointment comes after Meta invests $900m in his company

The Independent UK

UK considers forcing social media firms to prioritise trusted news

The culture department said on Monday it was considering requiring platforms such as Meta's Facebook, Alphabet-owned YouTube and TikTok to make content from public ‌service media - including ⁠the ⁠BBC, ITV and Channel 4 - and other trusted news providers easier to find in users' feeds and searches.

The Economic Times

Beyond Jio IPO: 5 triggers Mukesh Ambani has lined up to revive Reliance shares for 44 lakh investors

Reliance Industries is charting a new course to boost its stock for 44 lakh investors, moving beyond a potential Jio IPO. Billionaire Mukesh Ambani has unveiled five key growth drivers, including revitalizing the O2C business, scaling up new energy ventures, building India's AI backbone, expanding FMCG operations to a Rs…

The Economic Times

Meta to pause internal mouse-tracking tech while examining data security issues

The company's announcement follows revelations that sensitive employee data, intended to monitor ‌digital interactions within ⁠Meta's ⁠internal systems, was accessible to all Meta staffers, according to documents reviewed by Reuters.

The Economic Times

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The Economic Times

Kunal Shah heads to Meta; New-age IPO playbook

Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding deal. This and more in today’s ETtech Morning Dispatch.

AAP

UK considers forcing social media to prioritise news

Britain could impose regulations on technology companies in a bid to help trusted news broadcasters compete with streaming platforms and shift viewing habits.

Tom’s Hardware

Arm servers capture over 45% of data center market revenue — GPU clusters and high-end AI infrastructure fuel a tectonic shift away from x86

Arm-based servers accounted for nearly half of server revenue in Q1 2026, challenging x86. But in the coming years, they might catch up unit wise as well.

Android Central

In honor of our heroes, Meta says it's donating Ray-Ban glasses to legally blind veterans

Meta announced partnerships and preparations to begin donating Ray-Ban AI smart glasses to legally blind veterans.

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The Economic Times

Kunal Shah's WhatsApp appointment underscores India's expanding Big Tech footprint

Kunal Shah, CRED founder, is set to lead WhatsApp globally, joining a distinguished line of Indian-origin tech leaders. This appointment highlights the increasing influence of Indian talent in steering major global technology firms. Recent moves include Asha Sharma at Microsoft Gaming and Rahul Patil at Anthropic, building on the legacies…

Barchart

Centrus Agreement Strengthens Oklo Stock’s Nuclear AI Power Thesis

Oklo reaches agreement with Centrus Energy for HALEU fuel supply starting 2029.

The Economic Times

Meet Kunal Shah, serial entrepreneur and Meta's pick to lead WhatsApp

Indian tech entrepreneur Kunal Shah is set to lead WhatsApp, the world's largest messaging platform, succeeding Will Cathcart. Shah, the founder of fintech unicorn CRED and pioneer of digital payments with FreeCharge, brings extensive experience in building successful tech ventures. Meta's investment in CRED and Shah's deep understanding of user…

The Economic Times

'Kunal was the clear choice': Meta's Chris Cox on WhatsApp leadership change

WhatsApp's long-serving chief, Will Cathcart, is moving to a new product development role at Meta after nearly seven years. Cred founder Kunal Shah has officially taken the reins as WhatsApp's new leader, bringing his builder mentality and global perspective to the world's largest messaging app. This transition coincides with Meta's…

The Economic Times

Who is Kunal Shah? CRED founder who sold FreeCharge for ₹2,800 crore, built CRED into a $325M fintech giant, and now set to lead WhatsApp

Kunal Shah, the visionary behind CRED, is set to lead WhatsApp globally following Meta's substantial investment. Renowned for scaling CRED and previously selling FreeCharge for ₹2,800 crore, Shah's journey from humble beginnings to a fintech titan is remarkable. He will transition from CRED's CEO to Meta's global leadership, marking a…

Barchart

1 Company, 1.4 Billion People: How Nvidia’s Record Run Has Made the Company Higher Valued Than the Entire Country of India

There's a new viral claim going around that Nvidia is worth more than India's entire economy. That's not a totally accurate comparison, but it does tell us a lot about investor confidence in the AI revolution.

The Economic Times

Who is Will Cathcart? WhatsApp leader exits after steering it through privacy battles, monetisation push

Cathcart’s departure comes at a time when WhatsApp is in the middle of a transition. Under him, the platform recently rolled out Meta’s AI assistant powered by its latest model, Muse Spark, alongside privacy-focused features such as “incognito chat” built on confidential computing infrastructure using chips from AMD and Nvidia.

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