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Facebook-Jio Deal: Facebook Invests $5.7 Billion in Indian Internet Giant Jio, know more…

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Due to Coronavirus in India, there has been a big deal between Jio Platforms and Facebook between Lockdown in India. Why did Facebook make such a deal at such a time, it is telling Mark Zuckerberg. Read each word written by him in the Facebook post.

Between the outbreak of Coronavirus in India and lockdown in many countries, big news came out of the business world. The news is that Facebook has signed a deal with Jio Platforms. Under this, it has decided that it will invest Rs 43,574 crore by purchasing a 9.99 percent stake of the Jio Platform. In this way, it will become the largest shareholder of Jio Platforms. This deal will not only increase the business of both companies but will also create a lot of employment opportunities. Meanwhile, Mark Zuckerberg of Facebook has written a Facebook post saying his point on this deal.

Read Mark Zuckerberg’s post-

There is a lot going on in the world at the moment, but I want to share one important thing about our work in India. Facebook is now going to connect with Jio Platforms. We are going to make a big investment and more than that, we are going to work together on some big projects, which will create employment opportunities for the people of India.

Facebook and WhatsApp are the largest communities in India and there are many talented entrepreneurs. The country is currently in the midst of a big digital transformation and organizations like Jio have played an important role in bringing millions of people and small businesses online. This time it is very important because small businesses are the most special in any economy and Right now they need our help. There are more than 60 million small businesses in India and there are crores of people who depend on them for jobs. In this time of lockdown in the world, many of these entrepreneurs need digital tools that they can rely on to find and talk to their customers. We can help all of them here and that’s why we are partnering with Jio to help people and business people, to create new opportunities. I thank Mukesh Ambani and the entire Jio team for this partnership Want to say We are moving forward to take this step.