Facebook has invested $5.7 billion for a 10% stake in Jio Platforms, an Indian tech company that includes the nation’s largest wireless provider, Reliance Jio. The deal, which Jio said values its business at roughly $66 billion, is a strong signal of Facebook’s interest in expanding its presence in India. Facebook CEO Mark Zuckerberg said in a post announcing the deal that the two companies...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
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