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Facebook Takes $5.7B Stake in India’s Jio

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Re: Facebook Takes $5.7B Stake in India’s Jio

#21

This is too much control for one company. This is really bad for democracy. JIO is deeply embedded into the rural populace. Exactly the ones who are vulnerable to disinformation campaigns. And facebook just bought a key to the gates.

I'm sure WhatsApp is already more deeply entrenched than Jio.

This is more of a commerce play, nothing to do with disinformation dissemination.

Re: Facebook Takes $5.7B Stake in India’s Jio

#22

Why does Zuck want India so bad? [this is rhetorical, we know the business potential] Is this some sort of ego-compensation ever since China sent him home?

Last time Zuckerberg tried there was a strong resistance from India because Facebook had money but didn't have influence. Jio/Mukesh Ambani is a very influential player in Indian politics. This gives Zuckerberg much needed regulatory capture.

Currently WhatsApp pay is facing a lot of resistance in large scale roll out. Watch that go away in a matter of weeks.

Re: Facebook Takes $5.7B Stake in India’s Jio

#23
post #9

Earlier quoted context omitted.

There's BSNL. Their 4G services are currently better than Jio and Airtel in my city. And they provide better connectivity in rural and remote areas.

BSNL is about to go bankrupt as well. They were offered the 4G spectrum at 2016 prices but even then they couldn't pay their employees' salaries anymore so the Govt. had to step in to pay for their voluntary retirement scheme, which 78,000/50% of their employees opted for.

Won't happen, even if Ambani's and others are lobbying for it. BSNL is required for secure government and military communication.

Re: Facebook Takes $5.7B Stake in India’s Jio

#24
post #9

Earlier quoted context omitted.

BSNL is about to go bankrupt as well. They were offered the 4G spectrum at 2016 prices but even then they couldn't pay their employees' salaries anymore so the Govt. had to step in to pay for their voluntary retirement scheme, which 78,000/50% of their employees opted for.

Won't happen, even if Ambani's and others are lobbying for it. BSNL is required for secure government and military communication.

and Ambani owns the govt...

Re: Facebook Takes $5.7B Stake in India’s Jio

#25
I'll take a contrarian view. This is good! All investment into India is good. (Yes even Chinese investment.) We are a poor capital starved country. We need every bit of cash we can get and that $5.7B will generate employment and create another strong telecom player. I strongly supported net neutrality in 2016 in India, but circumstances have changed. Jio needs the money, as does India. The poor cannot afford principles.

Re: Facebook Takes $5.7B Stake in India’s Jio

#26
post #19

This is too much control for one company. This is really bad for democracy. JIO is deeply embedded into the rural populace. Exactly the ones who are vulnerable to disinformation campaigns. And facebook just bought a key to the gates.

Does India have less free speech protections?

India has good free speech protections by law. In practice, there is very little tolerance.

Re: Facebook Takes $5.7B Stake in India’s Jio

#27

Why does Zuck want India so bad? [this is rhetorical, we know the business potential] Is this some sort of ego-compensation ever since China sent him home?

Because most indians will glady sell their data for saving up a dollar? Inequality is a great thing and it works pretty good for ad networks as well as social media. The population hops to the cheapest solution while locking in the others with them due to the network effect.

> Because most indians will glady sell their data for saving up a dollar?

Keep it it mind that a single dollar can buy cooked meal for two persons, or major ingredients like flour rice potato etc for 3-4 persons.

Obviously not everybody is so poor in India, but World Bank defines lower middle class household as somebody earning $10-50 a day [1].

Personally, I had used Jio Sim cards, prepaid, in data dongle, but never installed any of their apps because never felt like I needed. And yes, the reason was exactly you described, best rates, about $5 for a month, for 3GB daily.

Jio is also memed as Oil (Mirror image of Jio), because Data is the New Oil.

[1]. https://en.m.wikipedia.org/wiki/Income_in_India#cite_note-7

Re: Facebook Takes $5.7B Stake in India’s Jio

#28

I'll take a contrarian view. This is good! All investment into India is good. (Yes even Chinese investment.) We are a poor capital starved country. We need every bit of cash we can get and that $5.7B will generate employment and create another strong telecom player. I strongly supported net neutrality in 2016 in India, but circumstances have changed. Jio needs the money, as does India. The poor cannot afford principl…

The poor cannot afford principles

??? Really how much do you get paid to shill that hard

Re: Facebook Takes $5.7B Stake in India’s Jio

#29
post #19

This is too much control for one company. This is really bad for democracy. JIO is deeply embedded into the rural populace. Exactly the ones who are vulnerable to disinformation campaigns. And facebook just bought a key to the gates.

Does India have less free speech protections?

Imagine a rumor going around in Whatsapp.

Lets say it violates free speech laws and is liable to be sued and the one who sues is sure to win.

Lets say he sues and wins.

It still doesn't matter. Rumor about the lawsuit and the falsehood of the original content is already old news. And is not as quickly spreading as the original rumor.

The perpetrators of the original rumor win the war to influence, in-spite of free speech protections.

Free speech protections and laws mean nothing and are toothless in face of modern mass media tech.

Compare it to the old days, of the news being said on TV or Radio or in a Newspaper. They too can spread wild rumors but have definite and impactful backlash.

That negative feedback mechanism is lacking in platforms like FB and Whatsapp.

Re: Facebook Takes $5.7B Stake in India’s Jio

#30
post #19

This is too much control for one company. This is really bad for democracy. JIO is deeply embedded into the rural populace. Exactly the ones who are vulnerable to disinformation campaigns. And facebook just bought a key to the gates.

Does India have less free speech protections?

Probably but are laws real without enforcement?

I have seen few people getting beaten up badly and two dying due to mob killing them with law enforcement involved for speaking against "religious stuff" and a politician.

Just a recent thing that got some attention - https://twitter.com/ShefVaidya/status/1251818372343439361?s=...

But I assure you, this happens way more in small towns and villages.

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