META PLATFORMS, INC.

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WhatsApp to launch cloud-based tools, premium features for businesses

05/19/2022 | 03:10pm EDT
FILE PHOTO: A 3D-printed Whatsapp logo is placed on the keyboard in this illustration taken

May 19 (Reuters) - WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company's messaging event on Thursday.

The messaging service, which has increasingly courted business users, is one of several platforms where Facebook-owner Meta has launched more shopping and business-focused features.

Zuckerberg, speaking at Meta's "Conversations" event, said the offering would mean "any business or developer can easily access our service, build directly on top of WhatsApp to customize their experience and speed up their response time to customers by using our secure WhatsApp Cloud API hosted by Meta."

WhatsApp already has an API, or type of software interface, for businesses to connect their systems and engage in customer service chats on the service, which generates revenue for Meta.

Meta, which bought WhatsApp for $19 billion in a landmark 2014 deal, said that businesses would not be able to message people on WhatsApp unless they have requested to be contacted.

WhatsApp also said on Thursday it was planning to provide optional paid features as part of a new premium service for users of its specialized business app, which is geared at small businesses.

Those features, which are still being developed, will include options to manage chats across up to 10 devices and customized click-to-chat links that businesses can post on their websites and share with customers.

Uber CEO Dara Khosrowshahi, speaking in a session with Meta Chief Operating Officer Sheryl Sandberg at the conference, said a third of the users ordering rides via WhatsApp in India are new customers.

The ride-hailing company, which launched its WhatsApp chatbot in December, is now planning to further customize the service starting for users in and around Delhi and expanding to markets like Brazil, he said. (Reporting by Elizabeth Culliford in New York and Katie Paul; Editing by Lisa Shumaker)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.47% 5.5299 Delayed Quote.-14.38%
META PLATFORMS, INC. -2.70% 156.6599 Delayed Quote.-52.06%
UBER TECHNOLOGIES, INC. 2.03% 20.85 Delayed Quote.-51.20%
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Financials (USD)
Sales 2022 126 B - -
Net income 2022 32 135 M - -
Net cash 2022 49 698 M - -
P/E ratio 2022 13,9x
Yield 2022 -
Capitalization 451 B 451 B -
EV / Sales 2022 3,19x
EV / Sales 2023 2,65x
Nbr of Employees 77 805
Free-Float 84,3%
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Number of Analysts 55
Last Close Price 161,25 $
Average target price 280,91 $
Spread / Average Target 74,2%
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Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Atish Banerjea Chief Information Officer
Andrew Bosworth Chief Technology Officer
Rajeev Rajan Vice President & Head-Engineering
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