Facebook provides $100 million in support for media companies and organizations in the U.S. and worldwide

On March 30, Facebook pledged to provide $100 million for media organizations and companies impacted by COVID-19 in the U.S. and other places around the world. Media organizations, companies, and publishers are all currently under pressure from cutting ad spending from their clients.

Facebook said that its grant would be divided into 2 parts. $25 million would be used to support local media companies and organizations. The remaining $75 million would be used to aid other media companies and organizations across the globe. In its initial round, Facebook would provide help for 50 media organizations in the U.S. and Canada.

Major corporations in the U.S. have also taken measures to assist other companies and businesses who have taken a brunt of COVID-19 even though many of them are suffering the same situation.

On March 27, Alphabet Inc., Google’s parent company announced that it would donate $800 million in COVID-19 relief funds to the government, companies and health organizations.

This content is also available in: Tiếng Việt



Bài Liên Quan

Meaningful Gifts For Mother’s Day

Mother’s Day is the time for us to show our love, gratitude as well as care for our mothers. This year, it might be...

Be a Jewellery Designer in one Day

If you are a jewelrista, you should not miss this exciting do-it-yourself session at The Devil’s Workshop. The Devil’s Workshop...

As Canadian oil sands site fights infections, some want fewer fly-in workers

Reported By: Rod Nickel and Jeff Lewis WINNIPEG, Manitoba/TORONTO, May 12 (Reuters) - A coronavirus outbreak at a Canadian...

Canada to be lender of last resort for big companies like airlines and oil producers

Reported By: Steve Scherer and Kelsey Johnson, Reuters OTTAWA (Reuters) - Canada on Monday said it would be the...

Study Shows Dexamethasone is the First Drug Shown To Improve COVID-19 Survival Rates

Researchers have been working hard to find treatments to help reduce the mortality rate and stop the spread of COVID-19. Preliminary research...

Facebook fined by Canada competition watchdog after privacy probe

(Reuters) - Canada's competition watchdog said on Tuesday it had fined Facebook Inc C$9 million ($6.5 million) after an investigation found the...

Innermost feelings of a 29-year-old Vietnamese woman living in Canada.

https://youtu.be/pttaDxaw84s At age 29, married with a 3-year-old child, everything in my life was running smoothly… until...

This content is also available in: Tiếng Việt