Facebook to invest $1B in news industry over 3 years

Wednesday, 24. February 2021 21:17

Facebook Inc. announced on Wednesday the company would invest $1 billion in the news industry over the next three years, just one day after it ended the dispute with the Australian government.

The company blocked posting and sharing content created by local media outlets on its platform last week after authorities introduced a law requiring the tech giant to pay news publishers for their content.

Google has also brought new measures following the controversial bill by launching a paid-news platform in Australia earlier in the month.

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Breaking the News / ND