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Facebook pledges to invest $1 Billion to 'support journalism' as Australia amends its news media bargaining code

Shortpedia

Content Team
Image Credit: shortpedia

The US tech giant, Facebook on Wednesday said that it will invest a sum of at least $1 Billion to 'support journalism' over the next three years. "Facebook is more than willing to partner with news publishers," the company's chief of global affairs, Nick Clegg said in a statement and added that the social media giant 'stands ready' to support the new media.