Investment, Technology and Honour
Zuckerberg is Facebook's largest shareholder by far. As mentioned, he co-founded Facebook and has been the company's longtime chairman and CEO. At the age of 35, Zuckerberg is also ranked seventh on the Forbes World's Billionaires List.
Facebook has bought a 9.9% stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL) in a deal that gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate to significantly cut debt.
Briefing on the deal, RIL said this is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India. The investment values Jio Platforms amongst the top 5 listed companies in India by market capitalization, within just three and a half years of launch of commercial services, it said in a statement.
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Sudam Sahu
Chief Executive Officer, Snapkar
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