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Facebook commits USD 200 mn to support “black-owned businesses”


New Delhi: Social media large Facebook will contribute USD 200 million to support “black-owned businesses and organizations” in one in all its a number of initiatives introduced by COO Sheryl Sandberg on Friday to support “black communities.”

“Building on earlier investments, we’re committing an addition al $200 million to support Black-owned businesses and organizations. This commitment is part of a broader $1.1 billion investment in Black and diverse suppliers and communities in the US. We’re also creating a new space in the Facebook app called Lift Black Voices and we’re building a more diverse and inclusive workforce so we can better support communities around the world,” Sandberg mentioned in a weblog submit.



The firm additionally will add a piece to the Facebook app that options tales from black folks, fundraisers for causes combating racial injustice, and academic sources, Sandberg mentioned.

Facebook notices sharp surge, over 3 billion monthly users across its platforms

On May 31, CEO Mark Zuckerberg had already mentioned that Facebook would commit USD 10 million to “groups working on racial justice,” although famous that the corporate was working with advisors and workers to work out how to greatest distribute the cash. (ANI)


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