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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

#72

Post by TriNetra »

a-ve wrote: post #49
9nGQluzmnq3M wrote: post #36

Earlier quoted context omitted.

> a person who literally is the Government in India Out of the loop: can you clarify what you mean by this?

It's mainly due to his disregard for any rules that may exist. The telecom regulator in India bent rules in favor of Jio: https://m.economictimes.com/news/economy/policy/vodafone-gro... Rs 11,000-Crore ONGC (state owned oil and gas corp) Gas Shifted to Reliance Industries Fields: https://www.ndtv.com/business/rs-11-000-crore-ongc-gas-shift... They literally took out full-page advertisements with Modi's image on it: h…

You are over-blowing his control: My quick search brings following two things which is opposite to what this thread is claiming.

1. Reliance Jio may not be pleased with govt's spectrum moratorium to telcos: https://www.businesstoday.in/sectors/telecom/why-reliance-ji...

2. India Trying to Stop Reliance From Selling Assets, Times Says: https://www.bloombergquint.com/business/india-trying-to-stop...

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

#73

Post by rgrs »

onetimemanytime wrote: post #68
dingdongding wrote: post #57

So 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

Why it can't? Why do you think Govt is always corrupt? Why judge current govt based on corruption done in previous regimes?

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

#74

Post by haltingproblem »

dingdongding wrote: post #57

So 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.

Jumping the gun here. Jio's founder, Ambani has his own ambitions in this space and he is highly unlikely to carry water for FB. This is akin to saying when Microsoft took a stake in Apple that they would carry water for Apple.

They are frenemies at best and outright competitors. FB gets to deploy its cash hoard into a relatively safe and perhaps lucrative investment and buy some insurance to being treated fairly on Jio's platform.

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

#75

Post by TriNetra »

webmobdev wrote: post #41
statguy wrote: post #24

Earlier quoted context omitted.

and Ambani owns the govt...

True. Our current PM Modi will dance to Ambani's tune. But killing BSNL isn't so easy ... They have lakhs of employees and with the poor state of indian economy I doubt if the government would be able to afford to pay the majority a proper severance package. Not to mention the unions and strikes they will have to deal with.

Please don't spread propaganda of certain elite section in India about current gov just because they have lost control of India due to their own foolish policies and insatiable greed

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

#76

Post by rgrs »

taikawatiti wrote: post #66
Fiveplus wrote: post #35

Earlier quoted context omitted.

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?

Huh?

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

#77

Post by rgrs »

ddrt wrote: post #52
kumarvvr wrote: post #14

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.

Isn’t their leader an extreme nationalist? How does it get worse than that?

Nope

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

#78

Post by rgrs »

kumarvvr wrote: post #14

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.

Democracy is not about running private companies. CCI and monopoly laws should take care of that.

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

#79

Post by haltingproblem »

djdjs wrote: post #3

The fact that Zuckerberg and Facebook are making this bet, using the data they have, suggests that the Modi era will continue for quite a while. Ambani’s fortunes are closely tied to Modi. This is as much a political statement as a financial one.

Ambani fared well under every govt. Can you cite what this govt has done that has been favorable to Ambani?

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

#80

Post by kumarvvr »

ddrt wrote: post #52
kumarvvr wrote: post #14

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.

Isn’t their leader an extreme nationalist? How does it get worse than that?

Can you explain 'extreme nationalist'. Im just curious, what qualities make a person or a leader as such?
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