Article About Facebook’s Initiative to Spread the Internet
In this article, first published on Texas based US Finance Post, I tried to convey the idea that there is nothing altruistic about Facebook’s initiative to spread to internet around the world.
The original article and my take on the issue was quoted on NBCNews.com. Later, the article was mentioned on Internet.org page of Wikipedia.
Regardless of the ulterior motive, the whole “knowledge economy” will benefit tremendously from Facebook’s initiative, and its stockholders will be rewarded handsomely if another billion people start using the Internet. Even US$ 10 dollar annual revenue per additional user will be enough to make Internet.org a profitable venture in terms of cost-to-benefit ratio. Perhaps, the consortium should have consulted with Dr. Yunus, and tried to promote it as a social business instead of an act of altruism.
You can read the full article here.