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Platform Power

When Facebook acquired WhatsApp in 2014 for $19 billion, many observers struggled to understand the logic of paying such a staggering sum for a messaging service that generated little revenue.

CCI reviewing Facebook-Reliance Jio deal

With this deal, both the firms are on a path to give competition to the e-commerce giants like Amazon and Walmart-backed Flipkart for a piece of the sector that KPMG believes is set to grow to $200 billion by the year 2027.