I don't know about other countries but in India it is fairly simple to open one for a company (they are called FCNR accounts). I don't see any government having issues with foreign income making its way to local businesses.
not yet - but that is the reason it is registered. Same for Ola IMHO. Its was the most regulatory friendly arrangement to allow for an international IPO while still operate things like wallets and multi-brand retail in India.
When I walk into the casinos, I know the odds of each game and know there is a possibility of losing my money. However if the casino rigs the machines to reduce my odds, then it isn't a fair game anymore and now goes into the realm of cheating.
When you're about to wire cash at this level to a company you have a real responsibility to make sure that the technology is real and you shouldn't by default believe everything they tell you. Independent verification is something no reputable/honest company would have a problem with, at least, I've never encountered it and if a company did have a problem with it then I'd see that as a huge red flag.
The whole Theranos affair interests me very much from a professional point of view, I could not imagine that none of those high flying investors and funds had not done actual due diligence, it is the biggest example of the herd mentality at work that I'm aware of involving only one company.
The really big question - and it is one that will inevitably be asked - is at what point in time did Theranos/Holmes realize that their tech wasn't going to work? If that is hard to establish (and they're probably trying very hard to make that even harder) then she may get away with the whole thing. If it can be established beyond doubt that they knew prior to accepting investment then it definitely is a case of fraud and the investors may be able to recoup some of their investment but it still isn't enough to get them off the hook completely for their own role in this.
But as an Indian consumer, I have happy that I have a choice and I believe in the long run the more open Indian market would prove more beneficial to local businesses.
Their market caps notwithstanding - Alibaba, Didi Kuaidi and Baidu are not global companies. India already has one of the largest global ad networks outside of Google i.e. InMobi and I believe over the next 20 years, you'll see much more truly global Internet companies started out of India vs. China.
No, they cannot provide measurement and attribution for campaigns that use Website Custom Audiences or Lookalike audiences, which are often the two largest, most valuable segments of any campaign. Atlas is the only provider that can.
Also, this list points to mobile measurement companies.
I don't believe they ever had any intention of getting the poor online. They have so far never released ANY data regarding how many of the users of Free Basics are first time Internet users despite it being one of the top demands of critics of the Free Basics program. Some independent third party analysis suggest that the overwhelming majority of users of Free Basics are existing Internet users, many of them who have no idea they are on Free Basics.
Reliance (the telco that Facebook has partnered with) doesn't advertise the Free Basics program as "access for the poor" but as "Free Facebook" and doesn't even mention the additional websites available for free on Free Basics.
My guess is that with Free Basics rolled out in 36 countries without any issues, Facebook never expected any opposition.
The "many of whom have no idea they are on free basics" part is a little weird to me. Are these "users" like my father, who technically has internet access but doesn't use it?
Aside from that, I don't think Facebook needs to find "new" internet users to be providing access to the needy. If the users' previous access was the internet equivalent of a polluted river 15 miles away, building a clean well right in the village is still a benefit, even if they're only allowing livestock with an odd number of toes to be watered, which everyone admits is kind of weird.
A friend of mine was on Free Basics. She found out only when she tried to navigate to a video outside of Facebook from a link that she clicked on Facebook and was prompted to purchase a data plan.
