Science

Facebook India CEO quits, Sandeep Bhushan given interim job

Facebook India CEO quits, Sandeep Bhushan given interim job

Umang Bedi, Managing Director of Facebook India & Southeast Asia, has submitted his resignation just over a year after he joined the social media company. South Asia Sandeep Bhushan has replaced him as the interim MD.

"We confirm that Umang Bedi will be leaving his role at Facebook at the end of this year". Bedi was appointed in 2016 after serving as Managing Director of the South Asia region at Adobe. Prior to Samsung, Bhushan was vice president, digital for HT Media. During his time, he was tasked with leading business operations with a focus on growing the sales and marketing functions, driving strategic partnerships and alliances and driving cloud services opportunities within the enterprise, government, education and SMB sector.

India's TRAI banned Free Basics previous year, but since then, Facebook has launched Express Wifi, another initiative part of Free Basics program, that brings connectivity to the masses. He succeeded Kirthiga Reddy at Facebook, who returned to the United States to take on a new role at the company's headquarters at Menlo Park.

Bedi joined Facebook in July 2016. He is now developing strategies and partnerships for the social media platform.

Important Factors to Analyse a Good Investment: Intel Corporation
Considering that the stock daily volume of 18.46 million shares, this represents a pretty noteworthy trading in volume size. Sell-side analyst recommendations point to a short term price target of $40.24 on the shares of Intel Corporation (INTC ).

Facebook also saw a big increase in subscriber base under Bedi's tenure, partly boosted by the launch of Reliance Jio's 4G services in the country and drop in data prices across operators. The pared-down version is intended for users with old smartphone models or slow Internet connections. This is the second high-level exit in a tech company in India. He said, "It has been a phenomenal one and a half years at Facebook".

Facebook is available in 12 languages in the country and over 80 percent of top-grossing apps in India are integrated with the social networking platform.

India is the second largest market for Facebook after the United States and Bedi was confident of India's contribution to Facebook's next billion user base.


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