Have a look at the fact that Facebook is going to invest Rs 43574 Crores in the Jio platform of Reliance and in turn it gets a 9.99% stake. Have a look at pdf below about the news release and not to forget to check tomorrow share market tips as it is the only way to achieve financial freedom.
What does Facebook get by plonking down $5.7 billion dollars for its stake in Reliance Jio?
- Remember that Facebook owns WhatsApp
- WhatsApp has 400 million users in India.
- WhatsApp has been trying for a UPI license for some time now (approval for upto 10 million users in Feb).