Facebook to Form New Zealand Fund to Support Local Publishers

Facebook to Form New Zealand Fund to Support Local Publishers
A 3D printed Facebook's new rebrand logo Meta and Facebook logo are placed on laptop keyboard in this illustration, taken on Nov. 2, 2021. Dado Ruvic/Reuters
Reuters
Updated:

Facebook parent Meta Platforms Inc. said on Thursday it would invest in New Zealand to promote up-and-coming news publishers and boost their digital capabilities, a month after the social media giant landed in hot water with Australian media outlets over content licensing.

The company, which did not disclose its investment amount, said its program would include training local publishers from diverse backgrounds to drive their digital audience and revenue growth, both on and off Facebook.