Facebook Inc (NASDAQ:FB)’s Mark Zuckerberg is visiting India in continuation of his efforts to make an important mark in the emerging markets. India is the second biggest market for Facebook Inc (NASDAQ:FB). More than a 100 million people in India use Facebook. But Zuckerberg’s interest is not limited to increasing Facebook Inc (NASDAQ:FB) users anymore. After launching internet.org, a joint effort by famous companies to bring the whole world on Internet, Facebook’s founder is trying to make internet an easy and accessible facility all around the world. Discussing Zuckerberg’s visit to India and the effort of Facebook Inc (NASDAQ:FB) to bring the world online, Bloomberg’s Caroline Hyde talked with other experts in a program and said that the world has around 4.4 billion people who are offline and only 2 billion people use internet.
“Mark Zuckerberg is always really pushed for the next billion, the next, in fact 4 billion that need to get online […],” said Hyde.
India has the biggest population in the world that is offline. Internet penetration in India is only 15%. More than 1.1 billion people in India have no access to the internet. Facebook Inc (NASDAQ:FB)’s efforts to bring the world online targets India as the most important country in this endeavor. Hyde said that India is growing impressively in the field of technology. So far, many CEO’s of important technology companies have visited India. The local telecom sector is growing, but there are some barriers that put hurdle in the massive adaption of internet and technology. Illiteracy, rural areas, lack of facilities and infrastructure are some of the paramount problems in India.
Hyde said that Facebook Inc (NASDAQ:FB) can use WhatsApp, its newly acquired free messaging app, as a tool to conquer Indian markets because there are more than 65 million users of WhatsApp in India, the biggest user base of the app in the world.
As of 30 June 2014, David Tepper‘s Appaloosa Management Lp hold around 3.6 million Facebook Inc (NASDAQ:FB) shares.
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