Mark Zuckerberg, CEO and founder of Facebook, recently answered questions from US parliamentarians during a meeting held before members of Congress. The hearing concerned the project Libra, the cryptocurrency that the group should launch by next June, but the entrepreneur took advantage of the opportunity to announce an important news: the launch of the "News" section.
To be precise, Zuckerberg spoke of an initiative dedicated to publishing and news, a project for which there are still few details but which should represent yet another attempt by Menlo Park to get rid of its reputation as a platform for sharing fake news and unverified content.
Always according to the statements of the top manager of Facebook, this initiative should focus on quality journalism, for this reason they would have started collaborations with newspapers and publishers that can guarantee the selection of content. In this regard, the budget to be allocated to the partners would also have been planned.
3 million dollars a year, this should be the maximum sum each newspaper or periodical could receive for the enrichment of the new section. The impression is that the company has no intention of cutting off the less established titles, but it is likely that they will end up with names known to the general public in order to confer authority to the project.
A News section edited by editorial offices of another profile could reassure all those who see risks in the functioning of the social network in view of the Presidential elections of 2020, it remains to be seen how it will be possible to reconcile rigorous journalism and electoral advertising which, generally, does not focus on the reliability of the sources for its success.