Indian fintech startup Cred will raise $900 million in funding at a valuation of over $4 billion on Monday. Meta led the funding round and will be a minority investor in Cred.
Meta said on Monday it will pause an internal program that tracks employee mouse movements and digital activity for AI training as the social media giant investigates data security concerns.
Meta Platforms (META) closed at $563.85 in the latest trading session, marking a -2.32% move from the prior day.
Meta has invested $900 million in India's Cred, and hired its founder to oversee WhatsApp. The deal values Cred at $4.5 billion, and gives Meta a minority share in the company, though no access to customer information, the startup said in a Monday (June 22) news release.
Instagram is expanding its ambitions beyond mobile screens, rolling out new television features that position the Meta-owned platform more directly against streaming services for viewer attention in the living room.
Meta is betting on India for WhatsApp's next chapter, naming entrepreneur Kunal Shah to lead the messaging app and succeed Will Cathcart, who is stepping down after nearly seven years at the helm to take on a new product-building role at the company.
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Mark Zuckerberg opened Meta Platforms (NASDAQ:META | META Price Prediction)‘s Q1 2026 earnings call with a sentence that would sound deranged coming from almost any other CEO: “We're on track to deliver personal superintelligence to billions of people.
Wall Street analysts remain bullish on Meta Platforms (NASDAQ: META), with the average 12-month price target implying more than 40% upside from current levels.
Nvidia has massive earnings growth expectations at a low valuation. Microsoft is trading near its lowest valuation in years.
Meta said it'll be improving its snack-filled office kitchens to improve employee morale. X's product lead, Nikita Bier, offered to "match or exceed any snack budget offer.