Facebook is finally going to pay for news

By admin On Feb 25, 2021

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Facebook is going to pay for news. They have announced that she will spend at least $ 1 billion on news publisher content over the next three years.

More money released by Facebook

The plan to spend all that money is in addition to the $ 600 million Facebook has paid since 2018 in deals with publishers such as The Guardian and The Financial Times to use their news on their own pages.

The new promise of the social media company is similar to a plan which Google announced to over three years to pay more than $ 1 billion to purchase news content on its Google News Showcase.

The fight between Facebook and Google

Facebook removed news from its platform in Australia last week when the country’s legislature discussed a proposal that would have required Facebook and Google to pay traditional media companies for their content.

Facebook reached a deal with the government in Australia on Tuesday.

Facebook, following in Google’s footsteps, says it plans to invest $1 billion to support the news industry over the next three years. Media companies have been seeking to be paid for news that appears on social platforms.https://t.co/vNw1yqQMIc

— The Associated Press (@AP) February 24, 2021