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February 25, 2021

Facebook to pay $1B to news industry

MENLO PARK, Calif. (AP) — Facebook, following in Google's footsteps, says it plans to invest $1 billion to “support the news industry” over the next three years.

The social networking giant, which has been tussling with Australia over a law that would make social platforms pay news organizations, said it has invested $600 million since 2018 in news.


 
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