Jio Launches JioCoin on Polygon Network, Faces Backlash
Despite the excitement, JioCoin has drawn criticism regarding its transparency and functionality.
Jio Platforms Partners with Polygon Labs to Bring Blockchain Technology to Over 450 Million Users
Jio Platforms collaborates with Polygon Labs to bring blockchain solutions, empowering millions of users with advanced Web3 capabilities.
India’s Reliance Industries Joins Hands with Nvidia to Build Large Language AI Models
Nvidia will provide Jio with extensive AI supercomputer solutions while Reliance’s Jio Platforms will oversee the AI cloud infrastructure’s management.
Jio Financial Services (JFS) Drops 5% in Share Price Following Market Debut
Despite recording a reduced valuation, JFS remains the third-largest non-banking financial company in India.
Meta and Indian Telecom Giant Jio to Bring Grocery Shopping on WhatsApp
JioMart on WhatsApp seek to revolutionize and simplify the consumer shopping experience. This will be the first-ever end-to-end shopping experience on the popular instant messaging platform.
Facebook Stock Down 0.4% in Pre-Market Today after FB Shares Added 8% on Friday
Following the boycott by major customers of Facebook ad offering, Bernstein analyst Mark Shmulik maintains his bullish call for Facebook stocks. FB shares are down in today’s pre-market.
FB Stock Rises 6% in Pre-market as Facebook Reports 11% Revenue Growth in Q2 2020
Facebook Q2 2020 earnings beat expectations as the firm recorded significant growth in revenue, earnings per share and monthly users, among other metrics.
Flipkart Purchases Walmart India to Compliment Its Flipkart Wholesale Business
India’s renowned e-commerce outlet, Flipkart has acquired a 100% stake in Walmart to boost its Flipkart Wholesale business that will commence operation in August.
Google Is Reportedly in Talks to Invest $4 Billion in India’s Jio Platforms
Following in the footsteps of Facebook and Intel investing in Jio Platforms, Google may finalize its deal worth $4 billion in the coming week. The talks are already in process.
India’s Telecom Giant Reliance Jio Takes on Zoom with New Video Conferencing App JioMeet
India’s fastest growing telecom giant Reliance Jio is posing a big competition to Zoom as it is launching its own video conferencing app JioMeet without any time-limits on the video calls.
INTC Stock Up 0.5%, Intel to Invest $250M in Jio Platforms after Facebook’s $5.7B
Intel Corporation has joined Facebook in acquiring a stake in Jio Platforms, a move that will help the companies get a soft landing in India’s 5G market. Intel stock is up.
FB Stock Rises Nearly 7% as Facebook May Report Increase in Q1 Earnings
By
Darya Rudz
Analysts predict Facebook has seen its year-over-year earnings grow on higher revenues for the first fiscal quarter of this year that ended in March. Therefore, FB stock is rising.
FB Stock Up 3% in Pre-market, Facebook Takes $5.7B Stake in Indian Jio Platforms
By
Darya Rudz
According to Facebook, the aim of the investment in Jio Platforms is to create “new ways for people and businesses to operate more effectively in the growing digital economy.” FB stock is rising in the pre-market.