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Indian Entrepreneurs and Small Business Owners More Inclined Towards Building Online Presence

Owing to the massive growth of digital economy in India, entrepreneurs and small business owners are showing increased optimism

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Indian, Entrepreneurs, Business
Almost one-third of the total Indian small businesses surveyed reported that they already have a website and about 19 per cent responded that they plan to build a website soon. Pixabay

Compared to their global counterparts, Indian entrepreneurs and small business owners are more inclined towards building an online presence, says a survey by Internet names and registrations management major GoDaddy.

Almost one-third of the total Indian small businesses surveyed reported that they already have a website and about 19 per cent responded that they plan to build a website soon as compared to only 16 per cent of their global counterparts.

“Owing to the massive growth of digital economy in India, entrepreneurs and small business owners are showing increased optimism towards creating an online identity that can prove critical for their long-term growth and expansion,” Nikhil Arora, Vice President and Managing Director, GoDaddy India, said in a statement.

The survey included over 4,500 small business owners across 10 countries including India, Australia, Canada, and the US, among others.

Indian, Entrepreneurs, Business
Compared to their global counterparts, Indian entrepreneurs and small business owners are more inclined towards building an online presence. Pixabay

The survey also delves into the swirl of challenges faced by Indian small and medium-sized businesses (SMBs), which require them to adapt, in order to flourish.

Over 40 per cent of the Indian small businesses surveyed cited their inability to invest sufficiently in the business as a major growth challenge.

Other external challenges included societal turbulence (35 per cent) and failure to keep up with the technological advancements (23 per cent).

Cyber-attack is another concern that 21 per cent of the Indian entrepreneurs cited as a potential challenge to their success.

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Even with these challenges, small business owners in India remained optimistic, with 46 per cent reporting that they expect to grow at least 50 per cent in the next three to five years, which is 1.7 times more as compared to the global counterparts (27 per cent), the findings showed. (IANS)

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Mark Zuckerberg Not Going to Sell WhatsApp or Instagram

Facebook CEO Mark Zuckerberg has rejected a US lawmaker's call to break his company, saying he's not going to sell WhatsApp or Instagram

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Mark Zukerberg, Facebook, Instagram, Sell, Business
Zuckerberg, however, rejected these calls, saying the size of the social media giant was actually a benefit to its users and the security of the democratic process. VOA

Facebook CEO Mark Zuckerberg has rejected a US lawmaker’s call to break his company, saying he’s not going to sell WhatsApp or Instagram at any cost.

Senator Josh Hawley (Missouri Republican) tweeted that he met Zuckerberg during his visit to Washington, DC on Thursday, and asked him to sell Instagram and WhatsApp.

“Just finished meeting with @facebook CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition. 1) Sell WhatsApp & Instagram 2) Submit to independent, third-party audit on censorship. He said no to both,” tweeted Hawley, one of Facebook’s biggest critics.

Zuckerberg also met President Donald Trump in the Oval Office.

“Nice meeting with Mark Zuckerberg of @Facebook in the Oval Office today,” tweeted Trump.

This is Facebook CEO’s first public trip to Washington since he testified before House and Senate committees in April last year over Cambridge Analytica data scandal affecting 87 million users globally.

According to media reports, Zuckerberg met several lawmakers this time and discussions included allegations that Facebook curtails conservative speech.

Mark Zukerberg, Facebook, Instagram, Sell, Business
Mark Zuckerberg has rejected a US lawmaker’s call to break his company, saying he’s not going to sell WhatsApp or Instagram at any cost. Pixabay

As the chorus grows to break up Facebook, the social networking platform’s Chief Operating Officer Sheryl Sandberg recently said that it won’t serve any purpose.

“You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about,” she had said earlier.

Several US senators have called for breaking up the social network amid repeated data breaches and privacy violations on the platform.

ALSO READ: Scientists Reform Face Of Another Human Ancestor

Democratic presidential candidate, Senator Kamala Harris, has stressed that authorities should take a serious look at breaking up Facebook as the social network platform is a “utility that has gone unregulated”.

Another Democratic 2020 candidate, Senator Elizabeth Warren, has also stressed upon the possibility of breaking up Facebook.

Zuckerberg, however, rejected these calls, saying the size of the social media giant was actually a benefit to its users and the security of the democratic process. (IANS)