WhatsApp Could Be a Major Source of Growth for Meta
Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg said WhatsApp will be the next major growth pillar for the company at a town hall in November. Half a year later, it looks like he's delivering on that promise.
While Zuckerberg and CFO Susan Li have touted the momentum of WhatsApp's click-to-message and paid messaging services during recent earnings calls, we now know how fast it's growing. Over the last three years, WhatsApp for Business has added 150 million monthly active users, reaching 200 million in total. Those are small businesses looking to connect with customers through the most popular messaging app in the world.
With 200 million businesses using the service, Meta is now increasingly focused on turning it into a meaningful source of revenue growth for the social media company.
Source Fool.com
Meta Platforms Inc. Stock
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