Facebook announced a $5.7 billion, or INR 43,574 crore, investment in Jio Platforms Limited, part of Reliance Industries Limited, making it the largest minority shareholder. In an official statement, Facebook wrote: “This investment underscores our commitment to India, and our excitement for the dramatic transformation that Jio has spurred in the country. In less than […]
Facebook India unveils ‘More Together’ campaign for Holi
Facebook India has unveiled ‘More Together’ campaign, to showcase how people across the country can do more together by harnessing the power of their connections on the platform. The campaign for the Facebook App aims to share stories that celebrate and highlight the power of connections.The campaign for India has been conceptualised and executed by […]
Facebook says cryptocurrency Libra to create utility and adoption
Facebook will not roll out its cryptocurrency Libra until it has fully addressed regulatory concerns. The statement comes after top lawmakers called on Facebook to testify about its plans to offer banking-related services. David Marcus, the head of Facebook’s cryptocurrency projects said: “We do not expect Calibra to make money at the outset, and Calibra […]
Facebook and Twitter not invited to The White House
Facebook and Twitter have not been invited to The White House for the social media summit. As reported by CNN, some people from the White House said that they believe the summit would amount to a right-wing grievance session and was not aimed at seriously discussing some of the issues facing large technology companies. The […]