The Next Major Pillar for Meta Platforms Isn't the Metaverse

Meta Platforms (NASDAQ: META) is pouring billions of dollars into developing the metaverse, but CEO Mark Zuckerberg is still building up another major pillar of his business. Before Meta's virtual reality headsets and metaverse software turn into a substantial source of revenue growth, Zuckerberg thinks there's still a lot of room to grow WhatsApp. The company bought the text app in 2014, back when Meta was still called Facebook, for the equivalent of $21.8 billion in stock.