The coming together of Facebook and Jio is amazing, but there is a danger of a monopoly
Facebook’s decision to invest43,574 crore for a 9.9%stake in Reliance Industries Ltd.’s Jio Platforms marks an uncommon coming together of 2 giants who have a track record for market dominance. The focus of their combined might is the India retail sector, a hard surface as large parts of it are still unorganised. However then for the same factor, it holds potential for huge disruption. Recently, the retail area has actually been an ongoing battleground for leviathans such as Amazon and Walmart, themselves worldwide dominant players. The other interested celebrations in this are payment services business such as the Softbank- and Alibaba-backed Paytm, and Google, which runs Google Pay. However the