Technology
People raised over $5 billion through fundraisers on Facebook, Instagram
Facebook has released its latest statistics and showed that people have risen over $5 billion through the donation tools and fundraisers that Facebook and Instagram provide on their platform.
The CEO of Facebook Mark Zuckerberg, earlier this week announced this himself that people have raised more than $5 billion through these fundraisers.
Facebook introduced the fundraising and donation tools in 2016 which was first only available in the US but later tech giant introduced it to other countries.
Later on, Facebook developed new tools for fundraising for personal causes on Instagram as well.
Earlier in 2020, during the global pandemic, people raised more than $175 million for COVID-related fundraisers on Facebook and Instagram.
Moreover, Facebook claims that it has developed these tools only for their users to host and donate and doesn’t earn a penny from all this.
Which means, these fundraising tools from Facebook are non-profitable features for the app.
Interestingly, Facebook’s $5 billion fundraising money is even higher than GoFundMe which is a crowd funding site which was able to generate to a total of $150 million through individual donations last year.
-
Technology 2 days ago
GitLab confirms it’s removed Suyu, a fork of Nintendo Switch emulator Yuzu
-
Pakistan 1 day ago
IHC Judges letter: Petition in SC to form inquiry commission
-
Regional 2 days ago
Markets to remain operational during Maryam Nawaz's visits
-
Crime 12 hours ago
Brother strangles sister in Toba Tek Singh
-
Technology 1 day ago
Nvidia’s AI chip dominance is being targeted by Google, Intel, and Arm
-
Technology 18 hours ago
Disney Plus has a new Hulu-ified logo
-
Regional 1 day ago
Nawaz Sharif not go for Umrah in RamadanÂ
-
Pakistan 2 days ago
Nawaz Sharif says good time will come after difficult years