Facebook is planning to make a big announcement regarding giving support to news and journalism, says, Mark Zuckerberg, CEO Facebook, according to reports.
Zuckerberg, appearing at a congressional hearing on its digital coin Libra, said during questioning that the leading social network is moving forward on a project “supporting high-quality journalism.” Later in this week we have a big announcement coming up on news and journalism,” he told lawmakers, describing this as “a new product that is supporting high quality journalism.”
The “new big thing” is supposed to feature “high quality news, not just social content,” according to Zuckerberg.
Facebook last week confirmed that it would include content from News Corp, publisher of The Wall Street Journal.
Facebook is expected to pay some of the news organizations that will contribute to the News Tab but has yet to disclose full details. The company has said a human team will select relevant, reliable breaking and top news stories for the tab and the number of publishers involved will grow over time.