Facebook acquired Substack, an American independent writer, for $5 million

Last month, Facebook formally introduced its beforehand rumored information communication platform, just like competing companies comparable to Substack and Ghost. However, it might take some effort to get writers to change to the brand new platform. Therefore, Facebook as soon as once more issued one other announcement: a $5 million fund arrange particularly for independent writers positioned within the United States.

According to Facebook, the funds are earmarked for “local reporters” who need to switch their work to the corporate’s new launch platform. The firm will settle for functions from writers within the subsequent few weeks, noting that some candidates could “further consider opportunities,” which contain years of transactions and monetization instruments.

For its half, accepted writers might want to frequently publish works which can be relevant to the area people whereas utilizing instruments comparable to Groups to work together with readers. Perhaps the core necessities for writing on the Facebook platform embrace changing into an independent author who lives within the United States and experiences native information of the general public curiosity.

Facebook famous that it plans to prioritize writers who will “broadly” cowl coloration audiences, places that haven’t but obtained protection from current media firms, and writers who haven’t but labored for different information publishers.

Authors who submit functions can count on to be up to date in June.view all Facebook Journalism Page to get all the main points. The firm identified that the brand new platform associated to the challenge will arrive within the United States “in the next few months.”