Facebook takes $5.7 billion stake in Indian internet giant Jio

Photo by Amelia Holowaty Krales / The Verge Facebook has made a huge bet on India by investing $5.7 billion into Jio Platforms, the tech subsidiary of multinational conglomerate Reliance Industries. Jio variously operates broadband, mobile services, and online commerce platforms, and Facebook’s investment gives it around a 10 percent stake in the company.
Facebook’s primary footprint in India currently comes from its huge WhatsApp userbase; more than 400 million Indians use the mess