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Why does Zuck want India so bad? [this is rhetorical, we know the business potential] Is this some sort of ego-compensation ever since China sent him home?
by Fiveplus 6y ago
Why does Zuck want India so bad? [this is rhetorical, we know the business potential] Is this some sort of ego-compensation ever since China sent him home?
- searchableguy 6y agoBecause most indians will glady sell their data for saving up a dollar? Inequality is a great thing and it works pretty good for ad networks as well as social media. The population hops to the cheapest solution while locking in the others with them due to the network effect.
- davchana 6y ago> Because most indians will glady sell their data for saving up a dollar? Keep it it mind that a single dollar can buy cooked meal for two persons, or major ingredients like flour rice potato etc for 3-4 persons. Obviously not everybody is so poor in India, but World Bank defines lower middle class household as somebody earning $10-50 a day [1]. Personally, I had used Jio Sim cards, prepaid, in data dongle, but never installed any of their apps because never felt like I needed. And yes, the reason was exactly you described, best rates, about $5 for a month, for 3GB daily. Jio is also memed as Oil (Mirror image of Jio), because Data is the New Oil. [1]. https://en.m.wikipedia.org/wiki/Income_in_India#cite_note-7 https://en.m.wikipedia.org/wiki/Income_in_India#cite_note-7
- nishitd 6y agoLast time Zuckerberg tried there was a strong resistance from India because Facebook had money but didn't have influence. Jio/Mukesh Ambani is a very influential player in Indian politics. This gives Zuckerberg much needed regulatory capture. Currently WhatsApp pay is facing a lot of resistance in large scale roll out. Watch that go away in a matter of weeks.