Facebook to invest $300 million to help local news survive

FILE PHOTO: The logo of Facebook is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau/File Photo

(Reuters) – Facebook Inc <FB.O> will invest $300 million over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide. The investment in time and money is a significant expansion of a plan to help newsrooms in the U.S. and abroad create and […]

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