Facebook makes biggest investment ever (for partial stake) in Jio Platforms. Your thoughts? #facebook #jio

Amazon
naatak

Go to company page Amazon

naatak
Apr 22, 2020 10 Comments

What does it mean for both the companies and the existing players in the ecom space in India like Flipkart, Amazon India, PayTm, Alibaba and Tencent invested companies ?

This is significant considering it's only 9.99% stake and the only bigger play Facebook has ever made was to acquire WhatsApp.

#facebook #jio #relianceindustries #amazon #flipkart #walmart #ecommerce

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TOP 10 Comments
  • Walmart
    elango

    Go to company page Walmart

    PRE
    Google
    elango
    Jio/Reliance is the most unethical group that's on Earth. Everyone knows this and Mark would as well.
    It reflects more on Mark and his morals and obviously that extends to Facebook as well as a company.
    Apr 26, 2020 2
  • Amazon
    nunyabeeswa

    Go to company page Amazon

    nunyabeeswa
    Free basics all over again. Zuck realizes he missed out on lining modi’s pockets through the back channel , so did it the right way this time through jio-> ambani-> govt fund
    Jul 9, 2020 0
  • Amazon
    k5idkw

    Go to company page Amazon

    k5idkw
    Dangerous for net neutrality in India
    May 20, 2020 0
  • Amazon / Product
    JaiHind

    Go to company page Amazon Product

    PRE
    Intel Corporation, Western Digital
    JaiHind
    Trying to expand reach and get some goodwill. FB is slowing down in India. WhatsApp not. Jio has potential to deep reach and brand so trying to ride few waves and expand market penetration. Remember, India is the youngest country and FB is for Younger crowd. Natural alignment.
    Apr 22, 2020 2
    • Amazon
      naatak

      Go to company page Amazon

      naatak
      OP
      All valid points but the emphasis doesn't seem to be on attracting the Young and hip crowd away from Tiktok or Snap, but rather on e-commerce and FacebookPay to compete with the PayTMs and Flipkarts.
      Apr 22, 2020
    • Amazon
      naatak

      Go to company page Amazon

      naatak
      OP
      Are a lot of young people even on the Jio network at the moment?
      Apr 22, 2020
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