Facebook’s $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart

Facebook’s $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart

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Facebooks major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the worlds second-largest internet market.
The $5.7 billion investment, Faceboo…
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