Wed. 04/22 – Facebook’s Big Play In India

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 22 April 2020

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Huge Facebook investment in India. Tech earnings season is back, and this promises to be a super interesting one for all the reasons you can imagine. Two iPhone zero days found out in the wild. Patreon does do layoffs but says creator numbers are holding up. And a roundup of the iPhone SE reviews. Sponsors: CognitoHQ.com Tinycapital.com Links: Facebook invests $5.7B in India's Reliance Jio Partners (TechCrunch) Facebook Invests $5.7 Billion in Indian Internet Giant Jio (NYTimes) Netflix blows away new subscriber expectations (CNBC) Snap has the pieces in place to fight off the coronavirus downturn in advertising better than rivals, and the stock is soaring (CNBC) Researchers Say They Caught an iPhone Zero-Day Hack in the Wild (Vice) Patreon lays off 13% of workforce (TechCrunch) APPLE IPHONE SE REVIEW: EVERYTHING YOU NEED (The Verge) iPhone SE Review: An iPhone for People Who Don’t Like New iPhones (WSJ) Review: Apple iPhone SE (2020) (Wired) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Ride Home for Wednesday, April 22nd, 2020.
0:07.0	I'm Brian McCullough.
0:08.0	Today, huge Facebook investment in India.
0:11.0	Tech earnings season is back and this promises to be a humdinger
0:15.1	for all the reasons you can imagine. Two iPhone Zero Days found in the wild.
0:19.2	Patreon does do layoffs but says Creator numbers are holding up and a roundup of the iPhone
0:24.2	SE reviews. Here's what you missed today in a jam-packed world of tech.
0:32.3	Facebook has made a pretty big move out of the clear blue sky investing 5.7 billion dollars
0:38.9	for a 9.99% stake in Geo.
0:42.0	Who or what is Geo?
0:44.0	Geo is the subsidiary of India's most valuable company,
0:49.0	Reliance Industries.
0:50.0	Geo is specifically a subsidiary that is an Indian Telecom brand providing wireless and other services to around
0:57.8	388 million customers.
1:01.1	So this is a big deal for a bunch of reasons we're about to get into, but let's start with the fact that this is a big deal for a bunch of reasons we're about to get into but let's start with the fact that this is Facebook's second largest ever outside investment following from its
1:10.1	22 billion dollar acquisition of what of WhatsApp back in 2014.
1:15.0	And actually, WhatsApp might be key to what's coming.
1:19.0	Quote, we're making a financial investment,
1:21.0	and more than that, we're committing to work together on some major projects that will open up commerce opportunities for people across India.
1:27.5	Facebook CEO Mark Zuckerberg said in a post on his personal Facebook page.
1:31.5	Yes, what could Facebook do in India
1:34.6	with a partner who has access to that many millions
	...

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