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Facebook says it will pay $1 billion over 3 years to news industry after Australia row – Latest News

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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.
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. Google said in October that it would pay publishers $1 billion over the next three years.

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