Facebook says it will pay $1B over 3 years to news industry

  • 📰 The Independent
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Facebook, following in Google’s footsteps, says it plans to invest $1 billion to support the news industry over the next three years

over a law that would make social platforms pay news organizations, said it has invested $600 million since 2018 in news.News companies want Google and Facebook to pay for the news that appears on their platforms. Governments in Europe and Australia are increasingly sympathetic to this point of view. The two tech companies suck up the majority of U.S. digital advertising dollars, which — among other problems — has hurt publishers.

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Will be great to see them paying GB NEWS 👍👍🇬🇧🤣🤣

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