- Meta Platforms, Inc (NASDAQ:META) lost two more senior executives in India, days after country head Ajit Mohan stepped down from his role to pursue another opportunity at rival social media platform Snap Inc (NYSE:SNAP), Bloomberg reported.
- Abhijit Bose, head of WhatsApp in India, and Rajiv Aggarwal, Meta’s public policy director in the country, have resigned.
- The resignations come amid India’s heightening regulatory challenges.
- Also Read: Twitter Guts Key India Workforce By 90% Post Musk Takeover
- Meta said the latest exits aren’t linked to the “recent news cycles” and pledged its commitment to India.
- Recently, Meta said it would cut more than 11,000 jobs worldwide, equal to about 13% of its workforce.
- WhatsApp hired Bose, the co-founder of mobile payments company Ezetap, in 2018, when the messaging platform was trying to set up a payments business.
- Aggarwal, a former bureaucrat in the Indian government, joined Meta’s India unit in late 2021 after leading public policy for Uber Technologies, Inc (NYSE: UBER) in the country for almost two years.
- Meta promoted Shivnath Thukral, a former journalist, to replace Aggarwal as the director for public policy in India.
- Price Action: META shares closed higher by 2.50% at $117.08 on Tuesday.
Jefferies Maintains Buy on Atlassian, Raises Price Target to $180
Jefferies analyst Brent Thill maintains Atlassian (NASDAQ:TEAM) with a Buy and raises the price target from $150 to $180.
