Facebook invests $100M more to support the news industry amid COVID-19: $25M in emergency grant funding for local news and $75M in additional marketing spend (Marc Tracy/New York Times)

Marc Tracy / New York Times:
Facebook invests $100M more to support the news industry amid COVID-19: $25M in emergency grant funding for local news and $75M in additional marketing spend  —  With grants and marketing spending, the social media giant hopes to support outlets doing essential local reporting but struggling with a drop in advertising.



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