Facebook Invests in Jio Platforms - Market to be Rattled?

At the end of April, 2020 Facebook announced it will invest Rs 43,574 crore ($ 5.6 billion) in Jio Platforms Ltd for 9.9% stake. This transaction marks largest foreign direct investment for a minority investment in India. Check Facebook announcement on their official post. During Covid-19 pandemic and lockdown, Ambani backed RIL did a great job which could indirectly help India's economy. 

The deal indicates Mark Zuckerberg, the man behind Facebook wants a pie in the digital marketplace of India. Because on the official post, there is a picture saying about a 50 year old company who is using Facebook, Instagram and WhatsApp to reach new customers. 

For Facebook, Jio could be their protector in India, as Fb has regulatory issues back in 2016 with its Free Basics programs. Also Zuckerberg wants to enter e-commerce space, but Jeff Bezos owned Amazon holds lion's share in its domestic market. China could not be an option for Facebook where investment is tricky, competition with similar local offerings would be fierce, and state regulations are so strict and unethical at point. India is best option for Mark, as Indians are already heavily using his products - Fb, Insta and WApp. Known customers could give him better applause. 

Drugs Against CoViD-19

A BETTER POST CAN BE FOUND HERE

Til August 31st, 2020 there is no cure drug against Covid-19. Vaccines could be best to tackle this viral disease. I wrote down this post on April 24th, and I am actively updating this post. 

 

• Hydroxy-chloroquine (HCQS)

This old antimalarial and DMARD drug saw massive support from ICMR and US President Trump. People started taking it as prophylaxis without any proven benefit in prophylaxis. Trials in China also showed no proven benefit i.e. faster recovery with HCQS. In vitro studies showed that HCQS kills the virus. 

COVID-19 Updates - Virus Origin Story & Global and Indian Lockdown

Dunlop More, Kolkata during Lockdown
Photo source: internet/unknown

COVID-19 (Corona Virus Disease 2019) is a spectrum of diseases (of which worst case scenario is pneumonia and acute respiratory distress syndrome/ARDS) caused by novel corona virus/severe acute respiratory syndrome corona virus 2 (SARS-Cov2). As it turned into pandemic declared by WHO on March 11, 2020 (second after Swine Flu pandemic in 2009), it was first detected in Wuhan city of Hubei district of China by end of November 2019, and like many developing (and communist) countries, China ignored the early signs of epidemic and WHO was allowed for surveillance on January 8, 2020. 

Soon the COVID-19 started detecting in several other countries. So far worst hit countries are Italy, Spain, France, UK and USA. China is reporting negligible no. of new cases after March 15. 

Initially there were few conspiracy theories landed up, as SARS-CoV2 is a bioweapon made by China. However bioweapons like Anthrax does possess features like high infectivity, high virulence, non-availability of vaccines, and availability of an effective and efficient delivery system. That does not go with SARS-Cov2. But many say that China saw this outbreak back in August as they recovered so fast. And China did not inform it to the world, as the world suffers til date due to Covid-19.