Facebook Announces $200 Million Investment In Black Businesses

The company announces a $1.1 billion investment plan to support Black and diverse suppliers in the US, aiming to spend at least $1 billion annually with diverse suppliers. It also plans to provide free digital skills training to 1 million Black and Latin X community members and offer 100,000 scholarships to Black students. Despite these initiatives, the company faces criticism from the NAACP for not adequately addressing hate speech on its platform.

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