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  • Facebook Trying to put its best face forward, the social networking giant pledged Wednesday to invest at least $1 billion in the news industry over the next three years.

  • Companies like Facebook and Alphabet's Google have been under scrutiny over their business model as well as the proliferation of misinformation on their platforms.

  • The announcement comes just one day after Facebook agreed Thio re friend Australia, ending an unprecedented weeklong blackout.

  • Facebook had been locked in a standoff with Ken Borough after the government proposed legislation that would require tech giants to pay traditional media companies for their content.

  • Facebook then blocked Australian users from sharing and viewing news content publishers and the government cried foul.

  • Facebook restored Australian news pages on Tuesday after wringing concessions from the government.

  • The official, who helped draft Australia's laws of paying for content, claimed victory Wednesday, but critics said last minute changes to appease Facebook favored big tech over smaller news outlets.

  • Facebook said it has already invested $600 million in the news industry since 2018.

  • It also said it's actively negotiating with German and French news publishers for a deal to pay for content.

Facebook Trying to put its best face forward, the social networking giant pledged Wednesday to invest at least $1 billion in the news industry over the next three years.

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Facebook to invest $1 billion in news industry

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    林宜悉 posted on 2021/02/26
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