Earlier quoted context omitted.
Isn’t their leader an extreme nationalist? How does it get worse than that?
Our leader is not an extremist nationalist. Next.
This is not a way to respond on HN. Please be respectful.
Facebook Takes $5.7B Stake in India’s Jio
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Re: Facebook Takes $5.7B Stake in India’s Jio
#62From that Zuckerberg statement it feels like a payment play. FB and Jio will launch a payments system possibly using their blockchain and I will also bet they will integrate deeply with whatsapp, there by cloning wechat. Right now the only payments system in India is paytm and Jio is in a great position to disrupt that. They get to give fb a shot and get a cut of the revenue if it works.
Yes, its a payment play, but not using Bitcoin. WhatsApp is trying to roll out a UPI based payment solution in India for 2 years now.
Google, on the other hand, rolled out Google Pay (Previously Tez) based on UPI platform by teaming up with major banks. Its really popular these days.
Re: Facebook Takes $5.7B Stake in India’s Jio
#63This is bad. One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is. Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India. Can't switch to Idea because they we…
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.
There aren't any subscribers, so network load. Lol once you have users start popping we will see how BSNL will hold on.
Re: Facebook Takes $5.7B Stake in India’s Jio
#64Earlier quoted context omitted.
Ambani owns jack shit. These kind of low denominator strawmans do not lead to a healthy discussion. Please keep it to yourself or go to a community that welcomes it.
I will give you a datapoint, among many. The Indian govt. recently awarded a critical contract for modernizing the Indian Air Force to a company owned by Anil Ambani who is the brother of Mukesh Ambani, owner of Jio. The Anil Ambani (who has since declared bankruptcy) company had zero experience in defence or aeronautics, yet it was chosen over India's state owned HAL which has decades of aeronautical expertise.
All the petitions regarding wrongdoings in the deal were dismissed by the Supreme Court. The reason cited was that it was not the government who was responsible to choose an Indian partner for the “offset clause” of the deal, it was Dassault who entered into a JV with Anil Ambani’s company.
Re: Facebook Takes $5.7B Stake in India’s Jio
#65This is bad. One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is. Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India. Can't switch to Idea because they we…
> a person who literally is the Government in India Out of the loop: can you clarify what you mean by this?
It means he is "literally" the government of India. What part was unclear? This is HN, where JavaScript framework enthusiasts and css programmers philosophise and are experts on everything. Don't try to make too much sense
Re: Facebook Takes $5.7B Stake in India’s Jio
#66I'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…
Armchair economists and their deluded takes like this comment are sometimes the highlight of my day. Thank you for this.
But if a well known mass murderer hasn't said that thing then how do I know it's right?
Re: Facebook Takes $5.7B Stake in India’s Jio
#67Earlier quoted context omitted.
It's an opinion, but "fairly reasonable" is very debatable. Being poor doesn't mean a person doesn't have principles, just like being wealthy isn't correlated with having strong principles or morals.
It does not mean the poor don't have principles. They definitely do. They cannot afford to live by them, or they lose their livelihood. Indeed it is widely acknowledged in academia. that the poor are much more generous per $ of income than the wealthy. (Will have to search for the reference... Will edit it into the comment later.)
>Indeed it is widely acknowledged in academia. that the poor are much more generous per $ of income than the wealthy.
That seems to be saying that despite having less, the poor are exercising a far more principled life.
Re: Facebook Takes $5.7B Stake in India’s Jio
#68So Facebook paid 5.7 billion dollar to buy "influence" in India. The biggest influencer of India is Mukesh Ambani who has strong influence in Indian politics. Now it will be a matter of months and WhatsApp payments will get regulatory approval to go ahead to launch WhatsApp payments in India. That is the boss move here IMO. Jio is just a way to solve for regulatory hurdles in India.
Right, since FB cannot move itself the (likely) billion dollar bribes to Gov Official's Inc.
https://en.wikipedia.org/wiki/Corruption_in_India#Bribery
Re: Facebook Takes $5.7B Stake in India’s Jio
#69I'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…
Remember what Mukesh ambani said. DATA is new oil. He asked govt to keep data in India from companies like Facebook. Now this boom lol