Facebook set to invest $5.7 billion in Reliance Jio

Originally published at: https://www.jbklutse.com/facebook-invest-reliance-jio/

Facebook has announced that it is set to invest $5.7 billion in Reliance Jio, India’s popular mobile internet service. The multi-billion-dollar stake will instantly make the social media platform the biggest minority shareholder in the internet service. Facebook had this to say in a recent statement, “This investment underscores our commitment to India, and our…