Epic Games has finally yielded to Google as the company makes Fortnite available for download on Play Store.Facebook has picked up equity stake worth $5.7 billion in Reliance’s Jio Platform, making it one of the largest minority FDI in India. The duo plans to take Indian consumers closer to local kirana stores.Blockchain firm Ripple has sued YouTube over a cryptocurrency giveaway scam.Netflix’s subscriptions surge with the video streaming company adding 15.8 million subscribers in the quarter ending March 31. Finally, speaker-maker Sonos has launched its own streaming radio.Facebook buys 9.99% stake in Reliance Jio PlatformsFacebook has picked up a tenth of the equity stakes in Jio Platforms for Rs.43,574 crore as the social networking giant expands its footprint in Asia.The investment values Jio Platforms at Rs. 4.62 lakh crore pre-money enterprise value, making it the largest FDI for minority investment in India, Reliance said in a statement.As part of this deal, WhatsApp will pair up with Reliance’s JioMart to enable small businesses to connect with consumers directly. “This is especially important right now, because small businesses are the core of every economy and they need our support,” Facebook CEO Mark Zuckerberg said in a post. “India has more than 60… Read full this story
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