News > Facebook says it will pay USD 1 billion over 3 years to news industry in Australia
Facebook says it will pay USD 1 billion over 3 years to news industry in Australia
The Free Press Journal | 25/02/2021 09:05 AM | Click to read full article
Facebook, following in Google's footsteps, says it plans to invest USD 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 organisations, said it has invested USD 600 million since 2018 in news.
Google said in October that it would pay publishers USD 1 billion over the next three years.