Facebook Bets $5.7 Billion That Mobile Giant Holds Key to India

Facebook Inc.’s $5.7 billion tie-up with an Indian mobile leader could create a new kind of animal in the world’s biggest untapped digital market: a social media behemoth wedded to a mobile infrastructure titan—both coveting e-commerce.

Now the two companies are expected to square off against some formidable online shopping rivals: Amazon.com Inc. and Walmart Inc., which have each invested billions in the South Asian market.

A huge compromise of security and privacy for millions of Indians if already controversial Facebook MarkZuckerberg joins hands with RelianceJio Jio RelianceIndustries. Remember Facebook–Cambridge Analytica scandal which harvested personal data for political advertising.

Welcome to constant spying by Facebook . I would immediately change the operator

This investment might be a success unlike investments by Amazon, Walmart, Vodafone etc. Facebook has aligned its interests with PM Modi's crony Ambani. That is the recipe for success in India. Other foreign investors would do well to align with Modi's other cronies like Adani

asia's richest man

Facebook money coming soon!!!! This will be the currency for all of India

With poor corporate governance in India, you never know. So don’t hurry for conclusions...

India = “safe” deposit for money

so dumb to pay so much money He got conned

An entirely logical move by FB, with the most obvious strategic partner. Penetrating rural India has challenged almost every business, watching how this one evolves will be a valuable case study.

🤪

Я вам не верю

As if we don't have them bombarding us with spams emails and calls all fkng day, then telling me that my english isn't very good , that he can't understand me, OH REALLY MTFKR? I'M THE ONE BORN HERE YOU🤬🖕🏽👊

Mukesh Ambani and Mark Zuckerberg are ideologically Aligned. Ambani is an ardent supporter of Hindu Extremist Narendra Modi and a big Financier of Hindu Upper Caste Terrorist organization RSS. Zuckerberg is a big supporter of White Nationalist Trump.

Reliance Jio is powered by RSS that’s why they are not the good one . Bjp full support. Even modi is on the cover of reliance Jio

Good move 👍

Amazing step. In the land of the pretty Unicorns ... FacebookRelJiodeal has created a Fire Breathing Dragon that will decimate ecomm rivals.

basilnsage Local ally is the key. Eliminate the risk of getting shut out totally.

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