Facebook is throwing money at local news and it could help win back trust in the industry
- Facebook says it's granting $300 million to news programs, partnerships and content over the next 3 years, matching Google's commitment of $300 million towards news initiatives last year.
- WordPress, the content management tech company owned by web development giant Automattic, is also investing six figures in The News Project, Axios has learned.
- These efforts are often opportunistic investments, just as much as they are philanthropic efforts.
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