Live
- Gujarat: Vadnagar to get Rs 17-crore multi-modal hub, CM Patel inspects progress
- World Elephant Day: Conservation plans to be discussed in Coimbatore tomorrow
- ₹5 Lakh Assistance Cheques Distributed to Dharali Disaster Victims as per CM Dhami’s Orders
- UPI transactions surge 114 pc in 8 fiscals, digital payments up 41 pc: Minister
- Police complaint filed against 'missing' MPs targeting Priyanka Gandhi and Union Minister Suresh Gopi
- Study finds potential biomarker for long Covid
- Siddaramaiah has accepted Rajanna’s resignation: K’taka Congress
- Electricity demand grows in July after two months of degrowth
- BJP to Thackeray: People have shown who is ‘Chief Minister’ and who is ‘Thief Minister’
- Anandamayi Bajaj - 5th Generation of Shri Jamnalal Bajaj, Becomes The First Woman Leader To Join Bajaj Group
Meta commits additional $150 mn to its Oversight Board
Meta warns 1 mn users about 400 malicious apps that targeted them (Photo/IANS)
Tech giant Meta has made a commitment that provides for ongoing financial support for the Oversight Board, and as part of that commitment, it will make a $150 million contribution to the Trust.
San Francisco: Tech giant Meta has made a commitment that provides for ongoing financial support for the Oversight Board, and as part of that commitment, it will make a $150 million contribution to the Trust.
On the microblogging site Twitter, Meta President of Global Affairs Nick Clegg said that this money will go into the Oversight Board Trust, which enables the board to continue operating as a separate entity.
"Since its launch, the Oversight Board has had a significant impact. Its binding case decisions and non-binding recommendations have led to greater transparency in our content decisions, and have pushed us to strengthen Meta's policy and enforcement practices," Clegg wrote on the platform.
Under the terms of the Trust, the funds contributed by the company are irrevocable and can only be used to fulfil the Trust's purpose of funding, managing, and overseeing the operation of the Oversight Board.
This $150 million contribution to the Trust is in addition to the company's prior contribution of $130 million announced in 2019 when the Trust was first established.
"By making this ongoing financial commitment, Meta has issued a vote of confidence in the work of the Board and its efforts to apply Facebook and Instagram content standards in a manner that protects freedom of expression and pertinent human rights standards," Stephen Neal, chairperson of the Oversight Board Trust, said in a statement.
