The article below represents a preview only and is not meant for reuse or republishing.
Bengaluru, Dec. 6 — For Facebook Inc., India is a very important market and it now works directly with the company’s headquarters in California instead of routing decisions through the Asia Pacific region, Ajit Mohan, vice-president and managing director, India, Facebook, said at the Global Technology Summit in Bengaluru on Thursday.
“India is at the top of the stack for Facebook. The appetite to invest in India is huge,” Mohan said. While Facebook doesn’t share India-specific statistics, its daily active users reached 1.62 billion globally, up 9% compared to last year, led by growth in India, Indonesia, and the Philippines, Facebook’s chief financial officer David Wehner had said during the third quarter investor call on October 30. “Thi…