Facebook set to invest $300m in journalism
Facebook has announced it will invest $300 million in news programmes, partnerships and content in a bid to combat fake news and support local news organisations.
The social media platform’s three-year commitment will provide funds for not-for-profit organisations including the Pulitzer Centre, American Journalism Project and the UK’s Community News Project among others.
Facebook Vice President of Global News Partnerships Campbell Brown wrote in a blog post yesterday: “News is a key part of Facebook’s mission to give people the power to build community and bring the world closer together.
“We’re going to continue fighting fake news, misinformation, and low quality news on Facebook. But we also have an opportunity, and a responsibility, to help local news organisations grow and thrive.
“We know we can’t do it alone, but there is more we can and will do to help.”
The two key areas Facebook hopes to drive with its $300 million funding investments is to…
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