Facebook to invest US$1 billion in news industry after Australia row

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REUTERS: Facebook Inc on Wednesday pledged to invest at least US$1 billion in the news industry over the next three years, days after a ...

REUTERS: Facebook Inc on Wednesday pledged to invest at least US$1 billion in the news industry over the next three years, days after a high-profile stand-off with the Australian government over paying news outlets for content.

The brief blackout shocked the global news industry, which has already seen its business model upended by the tech giants.

 

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