Facebook to contribute $1 billion in three years to the news industry
The social media giant claims to have invested over $600 Million in news since 2018
Fb would start paying publishers to create content for its News Showcase platform
Headlines and stories aligned to users’ interests would appear on the Facebook News tab
In October, Google had announced $1 billion for news publishers
It had already signed contracts with Australian media companies
Microsoft is working with European publishers to push big tech platforms to pay for news
