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by dingdongding
2251 days ago
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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. |
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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.