Facebook commits $200 million to support black-owned businesses

Facebook will spend $200 million to support black-owned businesses and organizations in the US, COO Sheryl Sandberg said in a blog post. It is one of several Facebook initiatives announced today to support black communities.

The company also will add a section to the Facebook app that features stories from black people, fundraisers for causes fighting racial injustice, and educational resources, Sandberg said.

CEO Mark Zuckerberg had already said on May 31st that Facebook would commit $10 million to “groups working on racial justice,” though noted that the company was working with advisors and employees to figure out how to best distribute the money.

The platform has come under scrutiny for enabling discrimination in the past. For...

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