Interesting to read that billionaire eBay founder Pierre Omidyar is spending $100 million to combat fake news. Apparently, Omidyar’s fund aims to tackle the “global trust deficit” by allocating money to projects around the world.
I suspect it’ll take a lot more than hundreds of millions of dollars to save democracy and facts from a monster that seems to be devouring the world at the moment.
From the Telegraph:
The funds will be dispersed over the next three years through the Omidyar Network, the philanthropic investment firm which he and his wife founded in 2004 and which has committed more than $1 billion to good causes.
The first recipients include the International Consortium of Investigative Journalists, the group behind last year’s release of the Panama Papers, which will receive $4.5 million.
Read more here.
Image: Pierre Omidyar, 2007. Courtesy: Wikipedia.