Sign inGet app
Stocks & InvestmentsApr 21, 2020
Uberabnbc

Woah, Facebook invested $5.7bn into Indian telecomm giant JIO for 9.9% stack

title says it all

@Meta
Nutanix hypaScala Apr 21, 2020

That’s a stackoverflow!

Oracle HvzT01 Apr 22, 2020

Lmao

Airbnb EDwy35 Apr 21, 2020

Two unethical companies with same motto

T-Mobile tczhjfs Apr 21, 2020

Indian company is not telecom, it is internetand media company I believe

Verizon XJZW27 Apr 22, 2020

It's a telco offering 4G LTE only services and not 2G/3G

T-Mobile tmkf Apr 22, 2020

It's telecom. It provides faster internet on phone than my home wifi from comcast

Datometry LangEr Apr 22, 2020

Are they gonna try to push their Facebook Basics agenda in India again? Only this time, it doesn’t need to be basic.

Airbnb ar3g67h Apr 22, 2020

Oh man. FB is evil.

McKinsey TEzE28 Apr 22, 2020

If you think FB is evil, you should probably look into what Jio are doing with customer data. It’s kinda crazy that in India all telco businesses are unprofitable except for Jio which is very profitable - something does not add up. Their “services” revenue must be suspiciously high

Amazon iAxd86 Apr 22, 2020

They will get Zuckerberged too 😂

Microsoft jayap Apr 22, 2020

They need to capture mobile in India which is already ruled by google through Android.

Apple CutePotato Apr 22, 2020

The zuck knows his reign in the USA is over so now he trying in other countries

T-Mobile Mitchel Apr 22, 2020

So now MZ owns 9.9% in Indian govt too? As I heard JIO owner Mukesh owns right wing political party which is in power.

T-Mobile tmkf Apr 22, 2020

This is partially true.

CenturyLink t-rev Apr 22, 2020

"Join our network and have free data when using Facebook " Facebook has already been providing free internet to poor countries but the catch is they can only use Facebook. Facebook becomes the medium for everything in cultures like that. Just going off of memory.. I provided a link I didn't read below.