Facebook Monday pledged $ 100 million in funding and advertising to support news organizations - including local publishers within the us - that are struggling thanks to the Coronavirus pandemic.
The news publishers - especially the medium - bear the brunt, as many advertisers withdraw their marketing budgets to curb costs thanks to the Corona pandemic.
L'Osservatore Romano - which is 160 years old within the Vatican - stopped printing last week, becoming the last publication to prevent publishing copies and struggling to figure in safe conditions after the outbreak.
And Facebook includes that the grant includes $ 25 million in urgent financing for local media and $ 75 million in marketing expenditures for news organizations worldwide.
Facebook founder supports Bill Gates campaign with generous donation against Coronavirus
Mark Zuckerberg and his wife Priscilla Chan donated $ 25 million that the Bell Foundation and the Gates Project did not try to speed up treatments for the Coronavirus. This donation is one of the largest donations so far from the rich technology in response to the crisis.
The Zuckerberg Foundation (ZZI) - a charity founded in 2015 - that gives these funds to the Bill Gates Foundation will be able to explore new antiviral drugs that can protect people from disease in the future.
The objective of the project known as "COVID-19 Therapy Accelerator" was to develop affordable COVID-19 therapies that could be distributed widely, and the accelerator would undertake the task of evaluating existing drugs and reusing their current purposes for treating "COVID-19" patients, It is hoped that the accelerator will be used to combat other viral pathogens in the long term as well, and the accelerator will also work with the World Health Organization on this project.
Organizers say the goal is to find a treatment in a shorter time frame than to use to develop a vaccine, which could take years.
For his part, Mark Susan, the new president of the Gates Foundation, said, "At the moment, we cannot treat the symptoms because there are simply no antivirals that can treat a range of conditions in the same way that antibiotics are treated for bacterial infections."
The Bell Foundation and users launched this initiative with a donation of $ 50 million last month, and the donation from the "Chan Zuckerberg" initiative comes second to the total donation totaling $ 125 million.
Technology companies are rushing to help
The announcement is one of several efforts by tech giants Silicon Valley to try to help combat the spread of the Coronavirus, which has so far killed nearly 25,000 people worldwide and infected more than half a million people.
Sundar Pichai, chief executive of search firm Alphabet, Google, said on Friday that the company would donate more than $ 800 million in funds to produce medical supplies used to combat COVID-19, and the donation includes advertising contracts for government, health and corporate organizations.
Both Netflix and Facebook revealed $ 100 million in donations to help the tech community and small businesses, even though some of that money was through in-kind contributions, such as advertising contracts.
Amazon and Microsoft contributed to a $ 2.5 million relief fund to channel resources to organizations working with communities affected by the virus in the Seattle, Washington state, and Apple said it would donate 10 million protective masks to relief efforts in the United States.
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