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JioMart Shopping Services Launched By Meta And Jio Platforms On WhatsApp.

American Tech-Giant Meta and Mukesh Ambani’s Reliance Industries subsidiary JIO Platforms declared an e-commerce venture which would be the first worldwide end-to-end shopping experience for consumers on WhatsApp where they can order from JioMart straight without leaving the WhatsApp chat. This association will allow the customers to browse through the JioMart catalogue, select them, add the products to the cart and do the purchasing all within the chat via the local payments track Unified Payments Interface (UPI).

WhatsApp, the world’s most renowned messaging application used by approx. a half billion Indian population every month achieved the approval to broaden its payments powered by Unified payment interface (UPI) services previously this year to about 100 million users in the country after numerous regressions and interruptions.

Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said, “When Jio platforms and Meta announced our partnership in 2020, Mark and I shared a vision of bringing more people and businesses online and creating truly innovative solutions that will add convenience to the daily lives of every Indian.”

Mark Zuckerberg, Founder and CEO, Meta, said in a Facebook post, “Excited to launch our partnership with JioMart in India. This is our first-ever end-to-end shopping experience on WhatsApp — people can now buy groceries from JioMart right in a chat. Business messaging is an area with real momentum and chat-based experiences like this will be the go-to way people and businesses communicate in the years to come.”

Source: economictimes.indiatimes.com

Meta formerly known as, Facebook, is a substantial minority investor or we say partner in Jio platforms, the largest telecommunication venture in India, providing their services to over four hundred twenty-one million subscribers. Also, Jio declared that it would be investing up to 25 million USD to introduce the 5G services in the country this year in October with its target to reach every town in the South Asian market by the end of the coming year.

JioMart
Image source: www.logisticsinsider.in

The launch of JioMart on Whatsapp tracks the JioMart and Meta starting to test a fusion with some selected users two years ago. If it were to be a success, a commerce platform could result in a great revenue increase for WhatsApp which has predominantly dodged serving ads to the app users. Also, it could be a prominent way to accelerate digital transformation in India through this innovative strategic partnership between these two renowned enterprises and offer people and businesses of all scales, be it small or large, promising opportunities to connect in several new ways and strengthen the economic growth of the country.

Chairman and managing director of Reliance Industries, Mukesh Ambani, said, “Our vision is to propel India as the world’s leading digital society. When Jio platforms and Meta announced our partnership in 2020, Mark and I shared a vision of bringing more people and businesses online and creating truly innovative solutions that will add convenience to the daily lives of every Indian. One example of an innovative customer experience that we are proud of developing is the first ever end-to-end shopping experience with JioMart on WhatsApp. The JioMart on WhatsApp experience furthers our commitment of enabling a simple and convenient way of online shopping to millions of Indians.”

Source: www.business-standard.com

Consumers can initiate shopping via WhatsApp on JioMart by just sending a ‘Hi’ message to the JioMart number, +917977079770, on WhatsApp and, explore the great deals on JioMart.

This announcement was part of the 45th Annual General Meeting also referred to as AGM by Reliance Industries limited administered by Mukesh Ambani himself. This innovative idea would open new gates of success for JioMart and WhatsApp.

Meta

Indian Users Can Choose To Not Accept Meta Privacy Policy.

Even as it faces regulatory scrutiny in different parts of the world, including India, Meta said on May 26 that it will be revising and re-designing its privacy policy after four years to make it easier for consumers to comprehend and provide more transparency about how they utilize their information.

The new policy will take effect on July 26, 2022, and will apply to Facebook, Instagram, Messenger, and other Meta products. WhatsApp, Workplace, Free Basics, Messenger Kids, and the use of Quest gadgets are not covered without a Facebook account because they have their own privacy policies.

“The last three years have brought a number of changes to the privacy landscape as a whole, including to peoples’ desire to better understand how their data is being used,” said the company.

Source: www.ndtv.com

Indeed, this comes at a time when there is a global discussion about people’s rights to privacy or the human right to privacy. The human right to privacy refers to a person’s ability to choose when, how, and why others, including businesses, handle their personal information.

Meta
Image source: economictimes.indiatimes.com

To maintain dignity, safety, and confidence, privacy must be protected. Individuals can select how their data is utilized and develop their personalities freely without fear of data misuse. Its revising its data policy for Facebook, Messenger, and Instagram to give consumers greater control over how the business uses their data and the material they publish.

Meta will also outline more clearly how it processes the information it collects from users under the updated privacy policy, including how it processes location-related information such as internet protocol addresses, check-in at locations, and other information such as current city, according to the company. The social media titan claims that the new privacy policy does not grant it greater access rights to user data, but rather allows Meta more control over customizing adverts based on consumer choices and sharing data, with all controls in one place.

These expectations include the rights and obligations described in our Community Standards, for example when we may disable or terminate accounts that violate our Terms or Community Standards or others’ intellectual property rights or other laws,” the company said.

Source: economictimes.indiatimes.com

Despite the fact that Meta has released the new policy and plans to implement it by July 26, users in India will have the option of accepting the terms and moving to the new regime or continuing to use Facebook, Messenger, and Instagram under the terms of the old data policy, according to the company.

“Our Privacy Policy is informative in most countries, so we’re publishing a prominent notice to alert people to the change, but they’re not invited to, say, click to consent to the modification to our Privacy Policy.” Users in India have the option of accepting or rejecting the new Privacy Policy and Terms of Service, with no effect on their access to our products,” said Meta.

Source: economictimes.indiatimes.com

Meta’s stance on allowing Indians to opt out of Facebook’s, Messenger’s, and Instagram’s new privacy policies is similar to what it did with WhatsApp.

It changed its terms of service in late January of last year, stating that users who did not accept the terms by February 8 would be prohibited from utilizing some of the app’s fundamental features. Following user protests, the deadline was pushed back to May 15, and WhatsApp stated that individuals who had not accepted the revised conditions of the policy will be reminded on a regular basis.

WhatsApp’s stance drew criticism from a number of countries around the world, prompting the firm to backtrack and say that it would not impede functionality for individuals who refused to accept the new terms, nor would it send reminders to people who refused to accept the new terms.

WhatsApp, Workplace, Free Basics, Messenger Kids, and a few more services that have their own privacy policies are not affected by the modifications announced on Thursday.

meta

Meta – A Company That Has Got Half The Population Scrolling Down Their Mobile Phones.

Meta is most commonly known as Facebook Inc as it hasn’t been a year since the company was rebranded. It is one of the world’s largest technology companies apart from Google, Amazon, Apple, and Microsoft. By the end of 2021, Mark Zuckerberg announced the change of the name to Meta as it also reflects the focus of the company to building the metaverse. Facebook Inc (now Meta) was founded in 2004, and it is the parent company of Facebook, Instagram, Whatsapp, and many other subsidiaries. So, the company is mostly dominating the entire social media industry in most parts of the globe apart from countries where it is blocked.

About Meta

The brains behind founding Meta are Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Meta’s headquarters are located in Menlo Park, California, US and there are more than 70,000 employees working for the company from various parts of the world. Apart from billions of active users of social media, Meta earns a good portion of its revenue from advertisement postings. One of the early and largest acquisitions by Meta was in 2012 when it bought Instagram. Meta has also acquired companies like Giphy, Mapillary, Oculus, and owns a 9.99% stake in Jio Platforms.

Meta
Image source: vox-cdn.com

History of Facebook

Facebook was launched during a time when the internet eventually became famous and it was coming closer to common people in terms of availability. A social media platform for chatting, posting pictures, etc sounded very new and thus exciting, especially for the younger population. In 2012, when Mark Zuckerberg decided to file an IPO, the Facebook platform was already receiving billions of likes and comments. After Facebook becomes public, Zuckerberg was to retain 22% ownership of the company and 57% of the voting shares. So, when Facebook became a public company it was valued at $104 billion. The IPO raised for Facebook was one of the largest in the history of the US economy.

But, a massive company like Facebook that had to increase the number of shares offered due to high public demand, caught everyone’s attention. So, the regulators from Wall Street decided to investigate if there has been any leaking of information to selected clients rather than the general public. There were several accusations leading to the filing of several lawsuits some retail investors losing millions over this fury. Facebook became a part of the S&P 500 index in 2013. In 2014, the company decided to change its motto to “Move fast with stable infrastructure” from “Move fast and break things.”

Acquisitions

Facebook has acquired several companies which the company calls “talent acquisitions”. After acquiring Instagram which was one of the first acquisitions of the company, it acquired Onavo, an Israeli company in 2013. In 2014, Facebook showed its interest in buying Whatsapp for $19 billion and later that year also acquired Oculus VR for $2.3 billion. Facebook wanted to create its own stable coin cryptocurrency hence it founded Libra Networks in 2019. Meta has also mentioned that Libra is backed up by companies like Visa, PayPal, Uber, and Mastercard. In 2019, Meta acquired the game developer Beat Games and then next year announced about the 10 percent (approximate) stake acquisition of Jio Platforms, digital media of Reliance Industries. In 2020, Meta also announced the acquisition of Giphy for $400 million.

About Mark Zuckerberg

Mark Zuckerberg is one of the most famous tech entrepreneurs across the globe. He started writing software from an early age (when he was in middle school) and his dad also taught him basic programming. Zuckerberg went to Harvard and he was already famous as a programming prodigy. He started writing the code for a website early in 2004 and after one month he launched the website, “Thefacebook.” Eventually, he dropped out of college to carry on with his project. In 2017, he received an honorary degree from Harvard. Zuckerberg is currently the CEO of Meta Platforms.