Friday, April 23, 2021

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Facebook: Invests $130M In Content Oversight Board

Facebook: Invests $130M In Content Oversight Board

  • The content oversight board trust was made for accountability and good governance, to ensure that the funds are managed properly
  • Facebook reportedly expects the trust to have a minimum of three individual trustees
  • The initial investment also forecasted to cover the operating expenses of the board for two three-year terms or roughly six years
  • Then it will pay for expenses like staff, office space and travel
  • Facebook reportedly plans to keep funding the operation of the board after the six years
  • Facebook will also follow recommendations on matters such as transparent communication

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