Facebook to invest $300 million to help local news survive

Facebook to invest $300 million to help local news survive

5 years ago
Anonymous $Dftgs0JzgE

https://finance.yahoo.com/news/facebook-invest-300-million-help-110335533.html

Unlike earlier investments in the news business, this latest round is distinguished by how it is not tied to Facebook-related products, recipients of the investments say.

Earlier rounds of investments in the news business were designed to encourage publishers to rely on delivering its products over Facebook, which eventually hurt many news organizations when Facebook's strategies shifted.

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