Meta Makes 3-Year, $150M Commitment to Its Oversight Board

The independent body consults on content moderation decisions for Facebook, Instagram

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Many industry observers see Meta’s Oversight Board as lacking power, but after news Friday, they certainly can’t see it as lacking funds.

Meta Friday approved a three-year, $150 million commitment to fund the Oversight Board, with the money going to the Oversight Board Trust, which enables the board to continue operating as an independent entity, separate from the company.

The funds are irrevocable and can only be used to fund, manage and oversee operations of the Oversight Board.

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