Facebook India MD Umang Bedi quits, company names interim head


Umang Bedi, who served as managing director for India and South Asia regions for Facebook, has made a decision to leave the company, the social juggernaut said on Tuesday. "He's built a really strong team and business during his time with us, and we wish him all the best", Facebook spoeserson shared in a press statement. He had taken over the India business from Kirthiga Reddy, who moved to the company's headquarters in Menlo Park, the US. Prior to that, he was the managing director-South Asia at Adobe Systems Inc. Bhushan is a former Samsung IT and mobile business director.

Sources close to Bedi said he may be starting a venture on his own. He now handles the new revenue streams from FMCG advertisers for Facebook. In August this year, Vishal Sikka resigned as managing director of Infosys.

The computer hardware maker reported $1.01 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.69 by $0.32. Analysts are also projecting an Average Revenue Estimate for NVIDIA Corporation as $2.36 Million in the Current Quarter.

Past year in May, Nasscom teamed up with Facebook to build a 'Product Design Initiative, ' aimed at supporting more than 500 product startups in the country. The company didn't share who will be taking over Bedi's position after he has left the company.

Facebook had over 142 million Monthly Active Users as of March 2016, which jumped to 201 Monthly Active Users as of July, adding over 50 million users in just the first six months of 2017. "When my family relocated to India, we knew that we would move back to the USA some day".

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Reddy stepped down soon after Facebook shut down "Free Basics" in India following an order by telecom regulator Trai barring operators from charging discriminatory rates for Internet access based on content.

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