How Facebook Is Taking Over Journalism With $1.6 Billion Secret Deals

There aren’t many companies that can say they’ve poured hundreds of millions into journalism in the last few years. Facebook has — $600 million over since 2018 — and it is promising another $1 billion in the next three years.

By ANTOINETTE SIU

Yet when surveying those around the journalism and media world, the jury is still out on whether and how much Facebook’s funding is helping its stakeholders — or merely buying good PR.

A Wrap inquiry into the details of the $600 million found...

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