Once again, like every other week, I hope you are well and are safe. It’s a crucial time for us in India. While the curve has started to flatten in most parts of the world, coronavirus cases in India continue to rise, albeit slowly. 

Stay safe. Stay indoors. Take care. 

Let’s dive in.  

Five reasons why Facebook invested in Jio

Despite the world being focused on Covid-19, big news emerged out of India this week. Facebook invested $5.7 billion into Jio Platforms, the wholly owned subsidiary of Reliance Industries that houses all the digital assets of India’s most valuable company. 

Jio Platforms includes apps, ecosystems, and most importantly, Reliance Jio Infocomm Ltd.—the biggest telecom network in the country, and arguably one of the most powerful companies in the world.

News of the investment broke on Thursday and for the last 48 hours, every casual journalist, newsletter writer, industry expert, blogger, and LinkedIn influencer has been contorting themselves to explain why this deal is a masterstroke that makes perfect sense for Reliance and for Facebook.