Facebook compressed version ‘Lite’ launched in India

Facebook, the social networking leader has launched a new compressed version of its application called ‘Facebook Lite’ in India.Facebook launch this lite version to reach out its users who have slow internet connections. The main motive for launching this version in India is to expand the reach of Facebook to a much wider user who do not necessarily use high-end smart phones. Further it will be roll out across Africa, Asia, Latin America and Europe; till date Facebook has 1.4 bn people on its network globally.
Application of Facebook Lite:

• The facebook ‘lite’ application size is 430 KB as against the full version which is of 30 MB.


• It performs faster even in 2G network and consumes less data.


• Most of the core features are present in this app as of regular application such as News Feed, photos, notifications and status updates.

Note: There are over One billion 2G network user across the world, whereas India has 874 million 2G network users that account roughly 80% of its overall subscribers.

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Facebook compressed version ‘Lite’ launched in India

Facebook awarded 21 million US dollar to Indian app developers

The social network giant Facebook doled out $21 million to Indian app developers under the Fb-Start initiative On 11 August . With an aim to attract next billion of Internet users getting close to social networking, last year Facebook launched Fb-Start an initiative to promote and help new mobile app-developers around the world. The 2 Indian entrants Hyderabad based Samosa and Delhi’s Card-back received the $21 billion under this initiative.
Facts:

• The Hyderabad based Samosa had developed an app that offers a curated collection of clips from popular movies that people can share with friends.


• The Delhi- based Card-back developed an app that helps to the cardholders and wallet users identify the best ways to pay and maximise their rewards and savings for every transaction they make.


• Facebook provides software and tools worth $80,000 and $30,000 respectively to the app-developers. FbStart was organised in Hong Kong, South Korea, Taiwan and India in Asia-Pacific region.


• Facebook has more than 1,000 members as part of Fb-Start programme in Asia.

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Facebook awarded 21 million US dollar to Indian app developers