Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="6354576" type="UNKNOWN" weightage="20" keywordseo="facebook">Facebook</keyword> has bought a 9.9% stake in <keyword id="6354504" type="COMPANY" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword> for $5.7 billion (Rs 43,574 crore). </li><li>The deal is expected to give Facebook a stronger foothold in India, which is seen as its largest market.</li><li><keyword id="3579446" type="PERSON" weightage="20" keywordseo="arnab-mitra">Arnab Mitra</keyword>, Managing Director, <keyword id="3242601" type="LOCATION" weightage="20" keywordseo="Liqvd-Asia">Liqvd Asia</keyword> tries to decode the meaning of the deal and its future implications.</li></ul>Facebook on April 21, 2020, made its largest single investment by putting $ 5.7 billion into Jio Platforms of India, an enormous bet on the developing market and a sign of how large tech companies are forging ahead in the pandemic. A way ahead for the digital transformation of India in a post-COVID world. Dig a little deeper and you'll know that Facebook has not been making as much money in Asia as in other markets; it’s banned in China and its largest user base resides in India (260mn+). Therefore, it makes sense for the company to try and grow within the country and get a stronger hold in its root to get more revenue. And the company’s new partnership could change that for them. While both Facebook and Reliance Jio are trying to peg the initiative as entirely philanthropic, maybe as consumers, we will need to take the news with a little pinch of salt. All said and done, Rs 44,000 crore is a little too much of an investment by anybody to try to increase its ARPU, to match their revenues simply to any other advanced market with a lot less user base. Facebook has globally restructured and enabled various features across the platforms it owns, that shows the progression the company has in mind, keeping the users closed within its environment. <keyword id="790242" type="COMPANY" weightage="20" keywordseo="WhatsApp">WhatsApp</keyword> has worked for years to build tools for small businesses and has dabbled in payment systems, while Facebook has also invested in creating digital storefronts for entrepreneurs to sell goods and services online. Bringing JioMart, Jio’s small-business initiative, together with WhatsApp, Jio will enable people to connect with businesses, shops and ultimately purchase products in a seamless mobile experience. And the new, additional revenue front will probably help keep the shareholders in their homeland happy. But is that all there is to this? Does everything end here? Maybe not. If we dig further, we will know that this is not Facebook’s first foray into the Indian market. Several years ago, it tried to offer free internet connectivity to Indian users in a program called Free Basics. But that initiative hit several snags until it was banned in the country in 2016. A lot of activists voiced their protest along with millions of Indians signing the petition to push regulators to decide that companies could not offer free internet services that favoured some companies over others. Jio, with its feature phone, will also help Facebook influence rural India digitally. More recently, Facebook has also been at loggerheads with the Indian government over WhatsApp. The government has demanded that WhatsApp change its encryption to trace messages back to their source, which WhatsApp has refused to do. At the same time, regulators have repeatedly stalled WhatsApp’s request to offer a payments service to its Indian users. With Jio payments bank already live and backed by the country's largest bank, it’s an easy gateway for WhatsApp payment as a UPI for the bank, that’s the obvious next play for an organization fighting for permission for the longest time. But through this deal with Reliance Jio, Facebook will probably be probably be able to bypass those government directives easily and make this move an intra-company decision that doesn’t need government approvals as the undertone is still about helping millions of Indians shop better. What it smartly covers up is how this will make the government relax its regulations owing to its relationship with the Indian giant. Zuckerberg has advocated Data Portability forever, which means when you share data with one service, you should be able to move it to another. With a 260 million user base of its own clubbed with the WhatsApp, Instagram and Jio user base, what’s next to come with data portability is going to be unprecedented, unless it’s stopped with a strong Privacy Policy by the government. And we all know that our government is far from being capable to curve out policies keeping in mind future possibilities and real challenges. And all of this will hurt other online players across categories badly, making Reliance Jio the only formidable player standing tall in a market where nobody else is allowed to play anymore. And we all know what that does to consumers at the end of the day. They are not left with choices and finally have to bear the price of a monopolistic market. Pretty much like our current government situation and choice of PMO. We don’t really have another formidable opponent to challenge the current one and so we can’t even compare whether we need this one or there are some better options outside. Now that’s a mistake that has already happened. The question is, would you like to make the same mistake twice over? If the answer to that is no, then here are my suggestions for you – <ol><li>Slowly start identifying another chatting app like WhatsApp. Start moving some of your conversations there. Build WhatsApp redundancy in your own network and life. For example - How about Line? Do you know Indonesians and Singaporeans love it? Don’t wait for a day where you are charged to use WhatsApp on your Jio connection or watch the video first before responding to your family.</li><li>Don’t always give into convenience. I didn’t connect Google Pay to my gmail inbox, and I am surviving just fine. Google has a lot of information about me – my payments, purchases aren’t something it has any visibility on. So you do the same too. Let WhatsApp come up with a WhatsApp Pay – you continue to use your banking UPI or something else. Don’t let them join the dots.</li><li>Try not to buy your mobile phone and sim-card from the same company. Keep an alternate number from a competition TSP. Spend just the lowest billing amount. But keep them in the business by keeping your second number on.</li><li>Don’t believe in a philanthropic approach by anybody who takes your data as a return gift. Remember, data is the new fuel (and clearly more expensive) and as long as you have your data secured and protected, you are of some importance to the biggest of the companies. With data being collected across platforms from e-commerce (Ajio), your entertainment (Saavn &amp; Jio TV) to a simple chat with a friend, there will be nothing much left for you to guard.</li><li>Consumerism is here to stay. But one can’t say that about loyalty. Remember that not everybody deserves your loyalty and maybe your politician, chat apps and payment UPIs are some of the examples of the same.</li></ol>Facebook’s investment may help turn India’s battered telecom sector into a duopoly for now and if this continues, we’ll soon see a monopoly in favour of Reliance Jio. A recent Supreme Court decision ordering older carriers to pay billions of dollars in back taxes has left the industry in dire financial shape, and one of the three major carriers, Vodafone Idea, is teetering on the edge of insolvency. Now while that’s for the telecom space, Jio has ambitions to take on Amazon in e-commerce, run data-centres, provide fiber internet to homes and businesses and set up new services like DTH, tele-health and distance learning. Hence, the Facebook share purchase is much more than an initiative to help small businesses, it’s an invasion of all your digital footprint on the heavily used cross functional platforms owned by the two giants. But don’t you think that’s too much to give to one company and as a result, kill competition completely? I conclude this article with this question and a thought - “There is a difference in the way you feel the moment you stop calling your representatives 'Political Leaders'; Start calling them 'politicians' and immediately you will know that there is no reason for you to be loyal to any of them. Same with your TSP, Chat apps, social networks, UPIs – You use them, Do not let them use you. Or your data in this case. The moment you see two of them getting questionably close – have your senses fired up. Look for a new muse.” Stay safe. Disclaimer: The opinions expressed in this column are those of the author. They do not purport to reflect the opinions or views of Advertising &amp; Media Insider.

Facebook buying into Reliance Jio - More to it than meets the eye?

<ul><li><keyword id="3579446" type="PERSON" weightage="20" keywordseo="arnab-mitra">Arnab Mitra</keyword>, Managing Director, <keyword id="8865634" type="UNKNOWN" weightage="20" keywordseo="liqvd-asia-world-wide">LIQVD ASIA WORLD WIDE</keyword> writes how the trend toward a cookie-less web will impact various stakeholders. </li><li>He says that the real winners will be walled gardens like Google, Facebook, and Amazon, who now stand alone in their ability to provide a high degree of targeting at scale.</li></ul> Finally, it is time. The reason why I quit a traditional digital agency almost 7 years ago and started a future-ready outfit like <keyword id="3242601" type="PERSON" weightage="20" keywordseo="Liqvd-Asia">LIQVD ASIA</keyword> was to principally move away from archaic ways of running digital marketing campaigns. The aim was to heavily invest in building an organization that believes in harvesting on first-party data that could make us the most relevant media agency for the days to come. Today, when the days of third-party data tracking within the World Wide Web are over and when after months of speculation, Google has confirmed that it’ll join Safari and Firefox in withdrawing support for third-party cookies by 2022, it all makes sense more than ever. The growth of the ad-tech ecosystem as we know was largely due to the advertisers’ ability to use third-party products to ‘follow’ customers around the web, understanding their behaviors and preferences, and then serve targeted advertising to them efficiently via digital media. As the major browsers (and consumers themselves, via ad-blockers) eliminate the ability to ‘tag’ consumers, the industry can expect a sharp departure from the way things were. That said, personalization is here to stay. What the news does reinforce is the strength of the so-called ‘walled gardens’ like Google, Amazon, and Facebook that carry so much individual scale that they don’t need to rely on cookies to make hyper-personalized targeting possible. Most consumers are ‘cookied’ every day without even being aware. A cookie refers to a text or small packets of data sent by websites to be stored in your computer’s browser. Third-party cookies, specifically, are the ones that are set by an alternative site, other than the one you are on including a third-party video provider, social channel, or ad platform. When a publisher or site strikes a partnership with one of these businesses, they add a line of code to their site. Cookies help create user profiles, which provide detailed information on the sites you visit and the journey of what you do during your browsing time. This gives advertisers key insights into your interests and preferences, allowing them to deliver a more targeted advertising experience. Google’s Chrome browser makes up 69% and 40% respectively, of desktop and mobile browser share — accounting for more than half of the overall web traffic. The bottom line? Anyone with a website, including brands, agencies, and publishers, will be affected by the move. While some may argue this was an inevitable move, this doesn’t change its significance and the impact it will have today, and in the years ahead. In the short term, marketers lose an instrumental method they currently use to target many of their customers. In the long-term, they must find a more sustainable solution that is more direct and personal to the consumer. One way to achieve this is by seeking out and relying on first-party data from owned audiences. The other, and what would be much more complicated to navigate, is building better relationships with customers and the media they consume. Moreover, many experts predict that the real winners will be walled gardens like Google, Facebook, and Amazon, who now stand alone in their ability to provide a high degree of targeting at scale. The trend toward a cookie-less web impacts publishers and third-party ad-tech platforms the most, since this will require them to sell and serve ads in new ways. Digital publishing was already under pressure as ad budgets have shifted from their owned and operated properties to the big platforms. Some publishers, like The New York Times, have had success by refocusing their efforts on driving digital subscriptions. In short, we can expect a greater emphasis on one-to-one relationships that are personalized and relevant — but this won’t come without some obstacles and the likely continued flow of ad budgets to the big platforms. LIQVD ASIA, today is ready with Compass Suite, an opt in multivariate first-party consumer data set of more than 350 million unique data points along with its own DMP and PDX to decrease the ad waste by 36% and increase ROI of our clients. It’s our 7th anniversary and we are extremely elated to be ready for the future. - By Arnab Mitra, Managing Director, LIQVD ASIA WORLD WIDE

You Searched For "arnab mitra" and got 2 results

Facebook buying into Reliance Jio - More to it than meets the eye?

Guest Author

A cookie-less tea party and a digital agency

Guest Author

Popular Keywords

Buying Guides