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Facebook takes 9.9% stake in Reliance Jio, to invest Rs 43,574 cr

Facebook has bought a 9.9 per cent stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL). The multibillion-dollar deal gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate...

iWorld Telecom
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India leads Facebook daily active user growth

India has fuelled the social media giant Facebook’s daily active user growth which increased by 9 per cent to 1.62 billion in the quarter ending September. “Daily active users reached 1.62 billion, up 9 per cent  compared to last year, led by growth in India, Indonesia, and the Philippines.

iWorld Social Media
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Localising Facebook data in India will be a risk: Mark Zuckerberg

The demands for India’s data localisation are understandable but allowing it for one nation can trigger a demand from countries which are much more authoritarian and can misuse citizens' data, said Facebook CEO Mark Zuckerberg, according to reports.

iWorld Social Media
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Netflix CEO Reed Hastings leaves Facebook board

Netflix CEO Reed Hastings, who had been on Facebook’s board since 2011, will not run for re-election at the company’s annual shareholder meeting, which is scheduled for 30 May. The social media giant had announced his departure on Friday afternoon, according to reports.

iWorld Over The Top Services
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Facebook to launch much-awaited ‘Clear History’ tool later this year

While social media giant Facebook promised to prioritise user data privacy amid widespread controversy, the company is going to launch its much-awaited privacy tool titled 'Clear History' later this year.

iWorld Social Media

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