America

November 07, 2019

Facebook to introduce News Tab on its platform


[ by Legal Era News Network ]

mark-zuckerberg

Social networking giant Facebook has tied up with 200 news outlets to introduce a dedicated News tab on its platform highlighting most relevant news in the nation on a daily basis.

According to Mark Zuckerberg, the introduction of a dedicated News service on its platform will help news publishers earn and stay afloat in the competitive news era. Facebook will reportedly pay as much as $3 million to license headlines and previews of article from “major news outlets”.

Zuckerberg has predicted that in a few years, approximately 20 million to 30 million people could use the News tab. He further said that the internet has disrupted the business model for journalism. Moreover, according to him, the major internet platforms have a responsibility to form partnerships and help fund this work.

The News tab will initially be available to about 200,000 people in some of the largest cities in the United States. The social networking giant has hired a team of journalists to help curate major national stories.



Related Post

latest News

  • Delhi HC may resume physical courts from Sept 1, if Covid situation improves

    The Delhi High Court has decided to continue with restricted functioning till August 31, in the backdrop of the on-going Covid-19 pandemic. However, i...

    Read More
  • EPFO to begin online hearings through e-court

    The Employees Provident Fund Organisation (EPFO) has come up with a new initiative of conducting online hearings through e-court. According to reports...

    Read More
  • SEBI Probes Rakesh Jhunjhunwala For Insider Trading

    The Securities & Exchange Board of India (SEBI) has questioned renowned stock market investor Rakesh Jhunjhunwala, his wife Rekha, his brother Rajeshk...

    Read More