Facebook says it will pay RM4.04bil over three years to news industry

  • Facebook
  • Thursday, 25 Feb 2021

Facebook, following in Google's footsteps, planning to invest RM4.04bil over the next three years, to support the news industry. — REUTERS

Facebook, following in Google's footsteps, says it plans to invest US$1bil (RM4.04bil) to "support the news industry” over the next three years.

The social networking giant, which has been tussling with Australia over a law that would make social platforms pay news organizations, said it has invested US$600mil (RM2.42bil) since 2018 in news.

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