Home Virtual Reality News Facebook invests $100M in journalism during coronavirus crisis ...

Facebook invests $100M in journalism during coronavirus crisis – CNET

-

Facebook is helping news outlets as ad revenues decline.


Image by Pixabay/Illustration by CNET

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.

Facebook on Monday said it’d invest $100 million in the news industry, as outlets across the globe scramble to cover the coronavirus outbreak. It’ll give $25 million in grant funding to local news organizations through its Journalism Project, while $75 million will be spent on the social network’s own marketing push.

“If people needed more proof that local journalism is a vital public service, they’re getting it now,” Facebook said in its release.

This story will be updated shortly.

This post appeared first on this site

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

This post appeared first on this site

Subscribe to TheFutureofVR's NewsletterAnd get exclusive, pre-release augmented reality news and early-bird special offers to save YOU money on VR tech, games and other exciting VR products! We won't deluge you with spam, or sell your details. Ever.