Facebook is putting $4.5 million to helping the news industry – CNET

Facebook’s latest quarterly profit was more than $5 billion.

Facebook is putting $4.5 million toward helping the news industry, by donating to a fund for nonprofit newsrooms and kicking off a program to help publishers that need memberships to make money.

Facebook, which earned more than $5 billion in profit in its latest three-month quarter, said earlier this year that would renew its focus on things like local news. But in the last month, Facebook has come under a wave of criticism about how it handles fake news and misinformation on its site. Much of the latest outcry has stemmed from the company’s inconsistent explanations about whether outlets like Infowars and harmful content cross the lineand need to be removed.

Source: Facebook is putting $4.5 million to helping the news industry – CNET

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