: Meta commits additional 0 mn to its Oversight Board #IndiaNEWS #Science/Technology,Technology San Francisco, July 23 (IANS) Tech giant Meta has made a commitment that provides for ongoing financial

Meta commits additional 0 mn to its Oversight Board #IndiaNEWS #Science /Technology,Technology
San Francisco, July 23 (IANS) Tech giant Meta has made a commitment that provides for ongoing financial support for the Oversight Board, and as part of that commitment, it will make a 0 million contribution to the Trust.
On the microblogging site Twitter, Meta President of Global Affairs Nick Clegg said that this money will go into the Oversight Board Trust, which enables the board to continue operating as a separate entity.
Since its launch, the Oversight Board has had a significant impact. Its binding case decisions and non-binding recommendations have led to greater transparency in our content decisions, and have pushed us to strengthen Metas policy and enforcement practices, Clegg wrote on the platform.
Under the terms of the Trust, the funds contributed by the company are irrevocable and can only be used to fulfil the Trusts purpose of funding, managing, and overseeing the operation of the Oversight Board.
This 0 million contribution to the Trust is in addition to the companys prior contribution of 0 million announced in 2019 when the Trust was first established.
By making this ongoing financial commitment, Meta has issued a vote of confidence in the work of the Board and its efforts to apply Facebook and Instagram content standards in a manner that protects freedom of expression and pertinent human rights standards, Stephen Neal, chairperson of the Oversight Board Trust, said in a statement.
IANSvc/ksk/

Stock Market NEWS Best intraday tips Intraday Stocks below 100