In Canada, Facebook has invested funds through its News Innovation Test program to support Prime Minister Justin Trudeau during his electoral campaign. In July 2021, FB inked a support agreement with Black Press Media, Glacier Media and The Globe and Mail. An amount of $ 8 million was allocated to its fourteen Canadian media partners.
In Argentina, Facebook signed an agreement in August 2021 with more than 150 national and local newspapers, purportedly to prevent Peronist President Alberto Fernandez from propagating fake news in the midst of local and legislative elections. The amount allocated to Argentinian media partners is $ 1.5 million.
In Brazil, Facebook subscribed an agreement in September 2021 with some 20 major media outlets opposed to President Jair Bolsonaro. For the US social networking giant, it is way of curtailing “fake news” and disseminating “quality” information during the presidential election campaign. The Brazilian media partners received 2.6 million dollars.
Over the past few years, Facebook has invested over $ 600 million to train journalists and support media outlets around the world. It plans to spend another $ 1 billion to bolster the cause.