Facebook may launch news tab at the end of this month (Report)

According to the Wall Street Journal, Facebook is close to launching its news tab, which may take place at the end of October, as the company makes many deals with well-known newspapers and news sites including Wall Street to complete this process.

Facebook CEO Mark Zuckerberg said earlier this year that helping people find a reliable source of news was important to him, as well as finding solutions for journalists around the world to get their work done.

According to an earlier report by the Wall Street Journal dating back to the beginning of August, the social platform tried to get news content from major newspapers and news sites to feed its news tab, where the value of offers for licenses to put news content on the platform for $ 3 million per source per year.

It is expected that the launch of the news tape will bring a new tab next to the icons provided by the platform for other services, and may be named Top News, and the news tab will also include applications for reliable news sources such as News Corp, Buzzfeed News, Washington Post and others.

Facebook payments to newspapers and news sites that will share news will range from thousands of dollars to millions each year separately from small to giant, which play a key role in the news market and enjoy exclusive transport.

Obviously, Facebook is seeking through this step to increase public confidence in them, and to find a reliable source of news is important in light of the setbacks suffered by the platform and shook the confidence of users greatly and still, where the last of these strikes is the withdrawal of major companies to support the digital currency Libra due to problems in the legalization of currency deployment and fear of abuse.

Source: WSJ