In case you didn¡¯t know, Facebook¡¯s Mark Zuckerberg recently announced that it will be investing $5.7 billion in Mukesh Ambani¡¯s Reliance Jio, for a 9.99 percent stake -- actually making it the largest FDI deal by a tech company.?
Facebook¡¯s investment brings Reliance Jio¡¯s valuation all the way up to 4.62 lakh crores and Indians on the social media are truly happy with this investment. However, the same cannot be said for the Americans.
The post on which Mark Zuckerberg shared the massive announcement is now flooded with comments from people across the world. While Indians and other developing nations laud Mark¡¯s initiatives, encouraging him to do more, people from the US have posted comments, sharing that Mark Zuckerberg should have thought about the people of its nation, instead of investing in a foreign country to boost its profits.
We know the chaos our world currently faces, due to COVID-19 and what havoc it has wreaked in the US. there are over 8 alk confirmed cases of the novel coronavirus in the US, while the disease has claimed lives of over 45,000 people -- largest in the whole world.
Businesses are struggling, people are getting laid off their jobs. The number of people who have filed for unemployment in the last month is more than the number of people who lost jobs in the 2008-2009 recession that crippled the US economy.
And while it isn¡¯t untrue that Mark Zuckerberg has done his bit to make employees in his company feel safe -- offering them salaries for the next six months as a bonus while offering them $1000 for getting through these troubled times, people in the US expect him to do more for their people.
According to Zuckerberg, Facebook's partnership initiative with Jio will put the focus on enhancing small businesses and give them a global platform to do better. However, people in the US contradict this, stating that small businesses in the US too need help.
What do you feel about Mark Zuckerberg¡¯s actions? Do you think it¡¯ll really be positive for businesses in India, despite Facebook¡¯s dark past concerning use of user data? Let us know in the comments below.