- It will also invest $100 million in Black-owned businesses this year, including $25 million for Black content creators and $75 million to support Black-owned businesses and nonprofits "that serve the Black community."
- Facebook's announcement comes as it and other major tech companies face increasing pressure from employees, civil rights activists, and other outside groups to do more to combat system racism.
- Visit Business Insider's homepage for more stories .
Facebook will spend $1 billion per year with "diverse suppliers" starting in 2021 and "every year thereafter," the company announced Thursday.
facebook ceo mark zuckerberg
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