Meta's Big Move: Kustomer Spins Out at a Whopping $750 Million Loss
In a surprising move, Meta has spun out Kustomer, the CRM startup it acquired for a billion dollars just last year, at a staggering loss. Now valued at $250 million, Kustomer is gearing up as an independent entity with fresh funding and a focus on omnichannel CRM solutions. This is all part of Meta's wider cost-cutting and restructuring strategy while keeping a minority stake to explore future collaborations.
Dec 26