Since the past few days we all have been reading a lot about Facebook. Not particularly about Facebook, but about the flaws that Facebook usage has and the dangers it poses with respect to the sensitive data of its users. Facebook has lost around $50 billion in market value over this negative aspect, and other tech giants too faced drastic downfall.
This shoot in the negative publicity of Facebook took place after the data breach incident got confirmation. Cambridge Analytica, which is a legal organisation was using the behaviour and interest data of around 50 million Facebook users to help Trump administration design their election campaigns.
This came as a great shock to Facebook users, as when they joined Facebook, they never thought that any such thing will happen. Many brands decided to quit Facebook and many celebrities deleted their accounts. And although those 50 million accounts were from US, India too joined the being afraid race.
Why shouldn’t India? Almost every person is on Facebook now and you never know if Congress and BJP are using the same technique to contest upcoming elections. Waking up to the call of time, Anand Mahindra, chairman of the $19 billion Mahindra Group has mooted the idea of an Indian rival to Facebook.
He even added that he would be happy to fund anyone who is able and willing to create a rival. In his tweet, he has clearly said that he wants to own a social media company, totally of Indian origin, which is widely owned, professionally managed and willingly regulated.
In fact, a blockchain enabled platform for social networking is quiet in demand. The wish of Anand Mahindra is even supported by the Union Minister for Law & Justice in Electronics & IT, Ravi Shankar Prasad, who has summoned Mark Zuckerberg for the alleged data breach.
Any young start-ups out there who have relevant plans for an Indian rival to Facebook? Mr. Mahindra would love to provide the seeding capital. The opportunity always lies in the scope for improvement, and here it is.
An Indian version of Facebook is so much in need. Social media is such an important of our lives that we seriously can’t be afraid to use it. We as users are always looking forward to a platform that offers us better things – security, privacy and features.
This is a perfect idea and none of us can deny it. The day any young start up creates a platform that is made in India, for digital India, it will take Facebook by storm. We have actually started wondering the name!
If you have one, you can send the proposal to Anand Mahindra!
He’s keen on finding you and funding you.