Facebook has a big new plan to make money in India
Illustration by Alex Castro / The Verge
One challenge with writing about vast multinational corporations that have unfathomably large user bases is that they occasionally wade into subjects that I personally know nothing about. For example, the Indian telecom market, in which Facebook is now a significant player. Late on Tuesday, the company announced that it had invested $5.7 billion in Jio Platforms Limited, making it the company’s largest minority shareholder.
If you live outside of India and are not particularly interested in who owns which piece of what mobile carrier, I understand why you may find your eyes beginning to glaze over here. Big companies invest in other big companies all the time. And we’ve got this whole global pandemic thing going on. Sure, this is the…