Post Tagged with: "facebook"

After Facebook, Silver Lake Pumps In Rs 5656 Cr In Jio Platforms

After Facebook, Silver Lake Pumps In Rs 5656 Cr In Jio Platforms

May 4, 2020 at 9:47 am 0 comments

Reliance Industries today announced that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the FacebookRead More

Facebook Buys 9.9% Stake In Jio Platforms For Rs 43,574 Crore

Facebook Buys 9.9% Stake In Jio Platforms For Rs 43,574 Crore

April 22, 2020 at 5:08 pm 0 comments

While the whole world is staring at a hitherto unseen economic crisis because of Covid-19 pandemic, India’s richest man Mukesh Ambani sells of little less than 10% stake in its 5-year old startup, Jio Platforms, for Rs 43,574 crore to Facebook. This investment by Facebook values Jio Platforms at ₹Read More

Facebook Illegally Collects Users Data, Abuses Market Dominance : Germany

Facebook Illegally Collects Users Data, Abuses Market Dominance : Germany

December 20, 2017 at 3:23 pm 0 comments

Facebook is illegally collecting users’ data from other websites and merges it with their Facebook account in Germany, the country’s legal authority said in its investigation to the social media major’s trade practices. The authority, Germany’s Federal Cartel Office, also said that the social media is abusing its market positionRead More

Umang Bedi To Replace Kirthiga Reddy As Managing Director Of Facebook India

Umang Bedi To Replace Kirthiga Reddy As Managing Director Of Facebook India

June 8, 2016 at 5:30 am 0 comments

Facebook has appointed Umang Bedi as managing director, India and will take over from Kirthiga Reddy, who will be returning to the United States to take on a new role at Menlo Park. Umang comes to Facebook with close to two decades of leadership experience covering sales, marketing and partnershipsRead More

Microsoft And Facebook To Build MAREA Subsea Cable Across Atlantic

Microsoft And Facebook To Build MAREA Subsea Cable Across Atlantic

May 27, 2016 at 8:54 am 0 comments

Microsoft and Facebook has announced an agreement to build a new, state-of-the-art subsea cable MAREA across the Atlantic Ocean. The new MAREA cable will help meet the growing customer demand for high speed, reliable connections for cloud and online services for Microsoft, Facebook and their customers. The parties have clearedRead More

Eutelsat And Facebook Choose Hughes JUPITER System For Africa Broadband

Eutelsat And Facebook Choose Hughes JUPITER System For Africa Broadband

May 14, 2016 at 2:10 pm 0 comments

Eutelsat Communications and Facebook have selected Hughes Network Systems to supply its JUPITER System for launching Arica broadband services. With the selection of the JUPITER System, along with high-gain Ka-band spot beam capacity provided by Spacecom’s AMOS-6 satellite, Eutelsat and Facebook are assembling a dedicated infrastructure that will extend cost-effectiveRead More

Mobile App Revenue Reaches $34.2 Bn: IDC

Mobile App Revenue Reaches $34.2 Bn: IDC

May 10, 2016 at 6:44 am 0 comments

Mobile device users installed nearly 156 billion mobile app worldwide in 2015, generating $34.2 billion in direct (non-advertising) revenue. A new forecast from International Data Corporation (IDC) estimates that these figures will grow to more than 210 billion installs and nearly $57 billion in direct revenue in 2020. While theRead More

Facebook’s Mark Zuckerberg Kicks Off F8 With Technology Roadmap

Facebook’s Mark Zuckerberg Kicks Off F8 With Technology Roadmap

April 13, 2016 at 10:33 am 0 comments

Mark Zuckerberg of Facebook kicked off F8 conference with a keynote detailing Facebook’s 10-year technology roadmap, and the ways those technologies will help bring people together and give everyone a voice. F8 2016 kicked off with a packed house of more than 2,600 people and hundreds of thousands of peopleRead More

Nokia To Incorporate OCP Designs In AirFrame Portfolio

Nokia To Incorporate OCP Designs In AirFrame Portfolio

January 28, 2016 at 11:01 am 0 comments

Nokia today announced that it will incorporate OCP designs into its AirFrame Data Center Portfolio. AirFrame is inspired by OCP to offer greater efficiency, density, cooling and power usage effectiveness, key characteristics that have already saved Facebook over $2 billion in infrastructure costs in the past three years. These characteristicsRead More

IBM Acquires Ustream To Propel Cloud-Based Video Services

IBM Acquires Ustream To Propel Cloud-Based Video Services

January 23, 2016 at 11:40 am 0 comments

IBM has acquired Ustream, a provider of cloud-based live video streaming services to propel cloud based services. The move will extend the IBM Cloud platform to help enterprise clients unlock the value of video, a rapidly-evolving digital media and data asset. Financial terms were not disclosed. Ustream provides cloud-based videoRead More