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Facebook to invest $300 million in local journalism

NEW YORK: Facebook announced Tuesday that it will invest $300 million over three years in various projects related to journalism, especially to promote local news, which has been hit hard in the digital age. The move comes with online platforms under pressure for dominating the internet advertising ecosystem, making it harder for news organizations to make a transition to digital. "People want more local news, and local newsrooms are looking for more support," Campbell Brown, Facebook's vice president in charge of…

Headphone maker Monster to raise upto $300 million in coin offering

Headphone maker Monster Products Inc said it is planning to raise up to $300 million in an initial coin offering, a fund-raising strategy in which a company creates a token, or digital currency, and sells it to the public. The former makers of Beats headphones want to develop an Ethereum-based e-commerce platform. Monster Products will offer up to 300 million of its "Monster money tokens" (MMNY) for the offering, the company said in a regulatory filing dated May 25. The company is also offering 75 million shares of its…