Jio Platforms, India's largest telecom and digital service provider, has received regulatory approval to launch its IPO, expected to raise about 377 billion rupees ($3.9 billion). This would surpass Hyundai Motors' $3.3 billion IPO in 2024, making it the biggest in India. Reliance Industries owns over 66% of Jio Platforms, with Meta and Google holding significant stakes but not selling in the IPO. The funds raised will be used to reduce debt of Reliance Jio Infocomm, India's largest wireless operator. The IPO is part of a strong Indian market pipeline worth $50 billion in 2026, though some delays may occur due to regulatory clarifications on other listings like the National Stock Exchange.
Meta is rated a Strong Buy due to its strong advertising business, high profit margins, and a solid competitive moat. The company's significant investments in AI, including large language models and recommendation systems, are boosting user engagemen...
Meta is experimenting with robots in its data centers to automate tasks like swapping cables and rebooting servers, potentially replacing up to 80% of technician workloads. This move reflects a broader trend where AI and automation are cutting jobs i...
Meta shares have dropped over 23% in the past year, pressured by a Q2 earnings miss despite strong revenue growth. The company’s AI investments are driving ad revenue gains, with ad impressions up 14% and average ad prices rising 12%. A proprietary m...
Sandhya Devanathan, Meta's vice president for India and Southeast Asia, is leaving the company after over a decade to join OpenAI. She will be based in Singapore and oversee consumer growth, enterprise adoption, partnerships, regulatory engagement, a...
Meta Platforms agreed to settle child-harm lawsuits by paying approximately $18 billion over the next decade. Despite this large settlement, the impact on Meta's stock has been limited, with the stock having already experienced significant declines. ...
