Facebook Throws Local News $100 Million Lifeline Amid COVID-19 Pandemic
Facebook (NASDAQ: FB) is giving local news a lifeline amid the COVID-19 pandemic announcing a $100 million investment.
In a blog post, Campbell Brown, vice president of global news partnerships at the social media giant, announced the company is investing $25 million in grants for local news organizations via the Facebook Journalism Project. It's also offering $75 million in marketing spend so money is moved to news organizations across the globe.
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Source Fool.com
