Facebook selects local journalists paid in $5 million newsletter recruitment push


FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration

(Reuters) -Facebook Inc has chosen 25 local independent journalists to be paid out of a $5 million pot to write for its newsletter site Bulletin through multiyear deals, the company told Reuters on Thursday.

Facebook launched Bulletin in June as a standalone newsletter subscription service with free and paid articles and podcasts. It is the social media giant's attempt to compete in the booming email newsletter trend led by companies like Substack.

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