Facebook said it is
investing additional $100 million to support the news industry in the fight to
contain the Coronavirus (Covid-19) pandemic crisis.
It said the news
industry is working under extraordinary conditions to keep people informed
during the COVID-19 pandemic. At a time when journalism is needed more than
ever, ad revenues are declining due to the economic impact of the virus.
Facebook noted, local
journalists are being hit especially hard, even as people turn to them for
critical information to keep their friends, families and communities safe |||READ
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