Big Tech’s honeymoon with the world’s second-largest internet market is ending
San Francisco – (CNN Business)In the 2010s, India’s internet exploded. More than half a billion Indians came online in the 10 years to September 2019, according to the latest government data, and the country now has twice as many internet users as the entire population of the United States.
And Big Tech rushed to cash in. Facebook (FB) CEO Mark Zuckerberg and Twitter (TWTR) CEO Jack Dorsey both visited India and met the country’s Prime Minister Narendra Modi, as did Google (GOOGL) CEO Sundar Pichai and Microsoft (MSFT) CEO Satya Nadella, both of whom were born and grew up in India. Nadella and Amazon’s Jeff Bezos both made their second visits to the country as tech CEOs earlier this year.
Source: CNN Business