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For nearly every business, venturing into a new market comes with unforeseen complexities and uncertainty. For social media companies, which manage information flows and news, and can be somewhat broadly defined, the risks and challenges are continuing to evolve. In jurisdictions where market rules aren’t so clear cut, such challenges can trigger a variety of operational risks, making the situation incredibly complex.
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Facebook is a non-partisan platform which denounces hate and bigotry, the company’s India head said on Friday, amid a controversy over how the U.S. social media giant regulates political content in its biggest market by number of users.
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Davis Polk & Wardwell and Allen & Overy's Ginting & Reksodiputro are advising Indonesian payment, food delivery and ride-hailing app operator Gojek on investments from Facebook’s messaging app WhatsApp and PayPal, with Freshfields Bruckhaus Deringer representing the latter.
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Hogan Lovells and Shardul Amarchand Mangaldas have advised social media giant Facebook on its $5.7 billion purchase of a 9.9 percent stake in Jio Platforms, the digital arm of India’s Reliance Industries, which was represented by Davis Polk & Wardwell and AZB & Partners.
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India’s government asked Facebook Inc on Tuesday to help it decrypt private messages on its network, citing national security requirements in a court hearing on privacy rights on social media platforms.