Facebook invests $5.7 billion in Reliance Jio

Facebook Inc introduced a $5.7 billion funding in Reliance Industries Ltd's telecom unit on Wednesday, making it the most important minority shareholder in Jio Platforms Limited.
Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.Original article
Author: Reuters Editorial

Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment, technology, video and pictures.

Reuters Editorial has recently written 11 articles on similar topics including :
  1. "Social media companies Facebook Inc and Twitter Inc have announced crackdowns on content linked with the unfounded and sprawling conspiracy theory QAnon". (August 29, 2020)
  2. "Facebook Inc on Thursday launched a 'Voting Information Center' for the 2020 U.S. elections to help voters easily navigate the poll process". (August 13, 2020)
  3. "Facebook said on Tuesday it was planning to legally challenge the Thai government after being "compelled" to block access within Thailand to a group with 1 million members that discusses the country's king". (August 25, 2020)
  4. "Facebook Inc on Tuesday unveiled a new policy that would prevent U.S. publishers with political ties from running ads presented as news articles, as the country gears up for the presidential election in November". (August 11, 2020)
  5. "Facebook Inc said on Monday it is partnering with external researchers to examine the impact of the social media site on society during the 2020 U.S. presidential election". (September 1, 2020)
  6. "Facebook confirmed on Thursday that chief executive Mark Zuckerberg was interviewed earlier this week at a Federal Trade Commission (FTC) investigative hearing as part of the government's antitrust probe into the social media company". (August 20, 2020)
  7. "Facebook Inc said on Thursday its users can transfer photos and videos stored on its servers to two new tech platforms - its latest move to address antitrust concerns by giving users an option to easily leave the company's services". (September 3, 2020)
  8. "FacebookChief Executive Officer Mark Zuckerberg said on Friday the company was at fault for not removing the page and event for a militia group before two people were killed at a protest in Kenosha and deemed it "largely an operational mistake"". (August 28, 2020)
  9. "Facebook Inc on Friday removed the pages of right-wing group Patriot Prayer and its founder Joey Gibson, a spokesman told Reuters". (September 4, 2020)
  10. "HMD Global, the maker of Nokia-branded smartphones, has secured $230 million of investment from partners including Google , Qualcomm and Nokia Technologies , to help accelerate its development of 5G devices". (August 11, 2020)
  11. "Facebook Inc said on Friday that Apple Inc has declined its request to waive off the 30% commission fee it takes from apps listed on iOS devices, making a rare critique of a fellow big tech peer". (August 14, 2020)
Posted on  , , , , ,