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.

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