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

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.