Opinion: Facebook Helps Mukesh Ambani's Plans More Than Saudi Aramco Deal

Opinion: Facebook Helps Mukesh Ambani's Plans More Than Saudi Aramco Deal

Andy Mukherjee and Tim Culpan, Bloomberg | Wednesday April 22, 2020

When naming his telecom foray in 2016, Mukesh Ambani chose the mirror image of OIL, the commodity that has made him India's richest man. In hindsight, Jio was a good choice. The week that oil prices turned negative, the refining tycoon won a $5.7 billion investment from Facebook Inc. for his digital assets, Jio Platforms Ltd. Like his wordplay, the performance has pro...

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