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.

What is the total amount the company plans to invest in black and diverse suppliers and communities in the US?

What specific goal has the company set for spending with diverse suppliers next year?

How much does the company plan to spend annually with Black owned suppliers?

What type of training does the company plan to provide to members of the black and Latin X communities?

What criticism has the company faced from the NAACP and others?