Facebook to award financial grant to news organizations
Facebook has announced a new investment schedule worth $700,000 to various news organizations across the country, reports Axios. Last year, the tech giant had announced plans to provide its users with more local news. The investment is part of a greater than $300 million commitment from Facebook to achieve this aim. Apart from this, Facebook […]
Facebook to fund Reuters developed journalism course
Facebook is planning to finance a course on manipulated media and deep fakes for newsrooms, reports Axios. The course has been developed by Reuters and Facebook is funding it as part of its Facebook Journalism Project. The course, “Identifying and Tackling Manipulated Media,” seeks to help journalists globally learn how to identify photos or videos that […]
Facebook commits funding to content oversight board
Facebook has announced it will finance the operational costs of a new and independent oversight board with initial funding of $130 million. The new project will act as a filter deciding whether individual pieces of content should be posted on the social platform. Facebook’s content oversight board will be individually staffed, separate from Facebook and […]
The Telegraph, Facebook and the changing media landscape
The Barclay brothers bought the Telegraph in 2004 and accumulated a readership audience of almost 1 million people. At the same time, a Harvard undergraduate, Mark Zuckerberg had recently changed the name of his startup to Facebook, reports The Guardian. Now, fast-forward 15 years, we see how the media landscape has changed for both these […]
Brown defends Facebook’s decision to include sites like Breitbart
Campbell Brown, head of news partnerships, Facebook, is actively defending the company’s decision to include sites like Breitbart in the recently launched News Tab, reports Business Insider. “I believe that in building out a destination for news on Facebook, we should include content from ideological publishers on both the left and the right — as […]
Facebook launches news section
Since its launch 15 years ago, Facebook has continued to eat a big chunk of news organizations advertising revenue. Also, the tech giant has courted these organizations for video projects and then pulled back while simultaneously cutting their stories out of its newsfeed. Now, the company wants to pay these news organizations for news headlines. […]
Facebook’s big effort for journalism
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 […]
Facebook may pull back on Libra
On Wednesday, Mark Zuckerberg conceded that a situation might develop in which Facebook would have to re-think its involvement in its Libra, cryptocurrency project. If the project did not receive U.S. regulatory approval, Facebook would need to revise its policy. “If at the end of the day we don’t receive the clearances,” Zuckerberg said, “we […]
J.P. Morgan and Goldman Sachs not joining Facebook Libra cryptocurrency
J.P. Morgan Chase and Goldman Sachs have declined Facebook’s invitation to join Libra. The refusal comes amid worries that cryptocurrency could be used to violate money laundering and sanctions laws. The news was reported by AnnaMaria Andriotis, Peter Rudegair, and Liz Hoffman at The Wall Street Journal. The tech giant planned on launching its Libra […]
TikTok emerging as big competitor for Facebook
TikTok seems to have a message for Facebook: we’re coming for you. The popular video-sharing app has opened a Silicon Valley office in Mountain View only a few minutes away from Facebook’s Palo Alto headquarters, reports CNBC’s Salvador Rodriguez. The office space was previously occupied by Facebook’s messaging app, Whatsapp. According to CNBC, the company […]
