Facebook to Spend $1 Billion on News Content Over Three Years
Facebook said it would spend at least $1 billion to license material from news publishers over the next three years, a pledge that comes as tech giants face scrutiny from governments around the world over paying for news content that appears on their platforms. The spending plans are in addition to $600 million that Facebook paid since 2018 in deals with publishers like the Guardian, Financial Times and others to populate its Facebook News product in some countries.