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Facebook will reportedly pay as much as $3 million to licence headlines and previews of article from "major news outlets". Pixabay

Internet has disrupted the business model for journalism and Facebook, with its dedicated News service on its platform, will help news publishers earn and stay afloat in the competitive news era, Mark Zuckerberg has said.

The social networking giant has tied up with 200 news outlets to introduce a dedicated News tab on its platform that will highlight the most relevant national stories of the day.


“There are two things that I’m quite excited about. One is just building a dedicated product space for high-quality news. And the second is having a business partnership with news publishers that I think can be sustainable over the long term,” Zuckerberg told analysts over an earnings call on Wednesday.

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Facebook will reportedly pay as much as $3 million to licence headlines and previews of article from “major news outlets”.

Zuckerberg predicts 20 million to 30 million people could use the News tab in a few years.


The social networking giant Facebook has tied up with 200 news outlets to introduce a dedicated News tab on its platform that will highlight the most relevant national stories of the day. Pixabay

“It’s no secret that the Internet has disrupted the business model for journalism. And I think that that means that the major Internet platforms have a responsibility to form partnerships and help to fund this work,” he said.

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


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Elon Musk has renewed his promise to "extend life to Mars".

Following a huge growth in his personal fortune, Tesla and SpaceX CEO Elon Musk has renewed his promise to "extend life to Mars". According to The Star, Musk's wealth has swelled to an astonishing $230 billion. Or a whopping 861 billion Dodgecoin, a cryptocurrency backed by the entrepreneur after he was reported to have invested millions.

Musk is now richer than Bill Gates and Warren Buffett combined, both individuals who had previously held the rich list title. "Elon Musk (with a net worth equal to 861 billion #Dogecoin) is now richer than Bill Gates and Warren Buffett COMBINED!" popular crypto YouTuber Matt Wallace's tweeted.

To which Musk said: "Hopefully enough to extend life to Mars". "Have no doubt you will make it happen," Wallace responded. CEO investments, the creators of Dogecoin, also responded backing Musk's plans every step of the way. The SpaceX Mars programme was initiated by Musk to colonize Mars after he first conceptualized the project back in 2001. SpaceX's aspirational goal has been to land the first humans on Mars by 2024, but in October 2020 Musk named 2024 as the goal for an uncrewed mission. (IANS/ MBI)

Keywords: investments, combined, SpaceX, billion, Elon musk, tesla