Mar 25, 2020 - Technology

Report: Facebook in talks to buy stake in Indian telecom company Reliance Jio

Mark Zuckerberg attending the 56th Munich Security Conference in Germany on Feb. 15. Photo: Abdulhamid Hosbas/Anadolu Agency via Getty Images

Facebook is said to be in talks to buy a 10% stake in Indian telecom operator Reliance Jio, according to the Financial Times.

Why it matters: Facebook has long sought to invest in big markets where internet connectivity is sparse, expensive, or both — figuring that a boost in internet usage will result in more users. Its last approach, subsidizing free use of Facebook, was poorly received in India. This would appear to be a different means to achieve the same end.

Go deeper: Facebook's plan to keep growing bigger

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Facebook to allow users to access data generated from engagement

Photo: Thomas Trutschel/Photothek via Getty Images

Facebook said Monday it's updating its data privacy tools to include additional information about what content users interact with on Facebook and the machine learning data created from their engagement, which the company uses to infer what else they may like.

Why it matters: Facebook wants to ensure it's getting ahead of any privacy regulations, with GDPR now long in effect, and before the new California Consumer Privacy Act (CCPA), which went into effect Jan. 1, starts being officially enforced on July 1.

Facebook will indefinitely pay contractors it has sent home

Photo: Marc Piasecki/Getty Images

Facebook will pay its contract workers indefinitely, even if they aren't able to carry on their normal duties, as it directs most of its labor force to work from home to mitigate the spread of coronavirus.

What they're saying: "I don't think we see an end to that," CEO Mark Zuckerberg told reporters Wednesday on giving full pay to its contracted content moderators whose work can't be done remotely.

Facebook gears up for long-term remote work

Photo: Marc Piasecki/Getty Images

Mark Zuckerberg told reporters on Wednesday that Facebook plans to pay its contract workers indefinitely, even if they aren't able to carry on their normal duties. That comes as Facebook has directed most of its full-time and contract labor force to work from home to mitigate the spread of the coronavirus.

What they're saying: "I don't think we see an end to that," CEO Mark Zuckerberg told reporters Wednesday on giving full pay to its contracted content moderators whose work can't be done remotely.