Facebook eyeing investments in content startups in India
20 March 2019 5:23 PM GMT
Facebook is in early-stage talks with several content startups, including PoPXo for potential investments.Any startup funding would also be a departure from Facebook?s usual strategy of buying companies outright
- Several experts Mint spoke with believe that Facebook’s interest in investing in vertical content and news content startups
- “Facebook hasn’t been able to crack the vernacular content space," said a person familiar with Facebook’s strategy, requesting anonymity.
- If any of the talks with content startups fructify into an investment for Facebook, it would also be a departure from the social media giant’s usual strategy of buying companies outright.
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