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Facebook chief operating officer Sheryl Sandberg outlined several steps Facebook is taking to support the Black community and diversity, financial and otherwise.
Sandberg said in a Newsroom post that Facebook will invest $100 million: $75 million in cash grants and ad credits to support Black-owned businesses and nonprofits serving the Black community, and $25 million to support Black content creators.
The company committed to spending at least $1 billion with diverse suppliers in 2021 and every year going forward, with at least $100 million going to Black-owned suppliers in areas including construction, facilities and marketing agencies.
Over the next three years, Facebook plans to reach 1 million members apiece of the Black and Latinx communities with free digital skills training covering areas including setting up an online presence and creating marketing materials.