Meta Offers WhatsApp Access to AI Rivals in Europe, but There's a Catch
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Meta Platforms has offered rival AI chatbots free access to WhatsApp in Europe for a limited time to address EU antitrust concerns. Competitors can use WhatsApp's business API, but fees will apply after a certain message limit. This move follows EU regulators' scrutiny of Meta's practices. Smaller AI companies have criticized the offer, claiming it does not adequately address competition issues. Analysts maintain a Strong Buy consensus on META stock, with an average price target of $817.71, indicating a potential upside of 35.8%.
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