Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers
The deal for 9.99 percent of Jio Platforms, which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.
In a video statement, Mukesh Ambani said he is delighted to welcome Facebook as a long-term partner and said the two companies will together accelerate India’s digital transformation to empower, enable and enrich people.
Reliance Jio-Facebook deal: Mark Zuckerberg shares 'excitement' over $5.7 bn partnership, says committed to connecting more people with Jio
The multibillion-dollar deal gives the Facebook a firm foothold in a fast-growing massive market and helps the Reliance Jio, the Indian oil-to-telecom conglomerate to significantly cut debt.
Reliance Jio-Facebook deal: 'Marriage of two super powers, will be a transformational partnership for India', say experts
Facebook is investing $5.7 billion in Reliance Industries Ltd's (RIL) Jio Platforms
Anand Mahindra, Group Chairman, Mahindra lauded Mukesh Ambani, Chairman, Reliance Industries for mega Rs 43,574 -crore Reliance Jio-Facebook deal.
Facebook said using aggregate data from Carnegie Mellon it has produced its first report and new interactive maps.
Steven Levy's Facebook delivers on expectations as it dives into the inside story of the tech giant and the people behind it
Sixteen years can seem like an eternity in the tech world, yet Facebook has managed to remain relevant despite all the zillion privacy scandals. All this, while ensuring it continues to remain a profit-generating machine. Veteran technology journalist and Wired’s editor-at-large Steven Levy explores just this journey in Facebook: The Inside Story.
The World Health Organization (WHO) has created a health alert on WhatsApp to keep people aware and updated about the coronavirus pandemic and combat misinformation.
Facebook has made a series of changes to its desktop site, making it appear more cutting edge and trendy.
Zuckerberg says Facebook's content should be regulated, framework somewhere between telco and newspaper's should apply
Facebook CEO Mark Zuckerberg said he now employed 35,000 people to review online content and implement security measures.
Shiv Sena warns US Trade Represenative Office of 'grave consequences' for taking India of list of developing nations
The Shiv Sena has said that the United States Trade Representative (USTR) taking India off the developing country list ahead of President Donald Trump's visit has landed India into a crisis
Ahead of India visit, Donald Trump says 'great honour' that Facebook ranked him number 1, Narendra Modi as 2 for popularity on social media site
US President Donald Trump has said it is a great honour that Facebook has ranked him number one and Prime Minister Narendra Modi number two on their popularity on the social networking site, ahead of his maiden visit to India.
Instead of an annual resolution, this year, Zuckerberg has shared a list of things he wishes to see change or improve in the next ten years.
Facebook exec Andrew Bosworth warns against tilting the scales against Donald Trump in 2020 US elections
Bosworth said that even though keeping the current policies in place “very well may lead to” Trump’s reelection, it was the right decision.
Facebook's end-to-end encryption will enhance user privacy but its not good news for law enforcement
Facebook’s plan to enact this change is paradoxical, considering the company has a history of harvesting user data.
Facebook's new team speculated to be working on podcasts, travel apps, workplace services, newsletter tools
Some insiders said the effort might be a way for Facebook to ship new apps without the baggage of the social network’s name.
Mukesh Ambani becomes 9th richest in world with net worth of $60.6 bn after RIL's m-cap crosses Rs 10 lakh cr
Reliance Industries chairman, Mukesh Ambani now ranks as the 9th richest Indian across the globe, with a net worth of $60.6 billion, according to Forbes
On 27 November, due to a human moderation error, Aziz's video talking about Uighur community was taken down.
Facebook is planning a virtual social community where users of its Oculus headgear can 'explore new places'.
End to end encryption: All you need to know about this technology under threat from govts and law enforcement agencies
Law enforcement and technologists have been arguing over encryption controls for more than two decades.