Facebook Inc Plans/Strategy

Facebook Inc.
History
Facebook Inc.
© MarketLine
Page 11
Plans/Strategy
Year: 2020
In August, Facebook announced its plans to open a data center in Gallatin, Tennessee, the US.
Contracts/Agreements
Year: 2020
In August, Facebook announced that Meekco.Asia join the Facebook Global Expansion Program to
support and expand Asia’s business across the globe and achieve their cross border eCommerce goals.
New Products/Services
Year: 2020
In August, Facebook launched Facebook Pay, a new digital payment service in Russia.
New Products/Services
Year: 2020
In August, Facebook announced to launch avatars in Africa to enable people to engage across Facebook
and messenger.
Contracts/Agreements
Year: 2020
In September, Facebook entered into a power purchase agreements with Rocky Mountain and PacifiCorp
for the Rocket and Horseshoe Solar projects in Utah, the US.
Plans/Strategy
Year: 2020
In September, Facebook announced its plans to acquire a 5-10% stake in Reliance Retail Venture.
Corporate Changes/Expansions
Year: 2020
In September, Facebook announced the opening of its new office in Lagos, Nigeria

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