Ebay's Founder Pledges
$100 Million to Fight Fake News, Hate Speech
April 05, 2017
Ebay founder Pierre Omidyar's philanthropy promised $100 million over
the next five years to support journalism and fight fake news, the
foundation announced Wednesday.
The International Consortium of Investigative Journalists (ICIJ), which
broke the story of the controversial Panama Papers, is the first
organization to receive funds from the Omidyar Network - a three-year
grant of up to $4.5 million "to expand its investigative reporting".
"Across the world, we see a worrying resurgence of authoritarian
politics that is undermining progress towards a more open and inclusive
society," Matt Bannick, Omidyar Network Managing Partner, said. "A lack
of government responsiveness and a growing distrust in institutions,
especially the media, are eroding trust. Increasingly, facts are being
devalued, misinformation spread, accountability ignored, and channels
that give citizens a voice withdrawn."
announcing the commitment at the Skoll World Forum on social
entrepreneurship in Oxford, England, the Omidyar Network has also
promised support to the Anti-Defamation League, devoted to fighting
anti-Semitism, and the Latin American Alliance for Civic Technology (ALTEC).
Established in 2004 by Pierre Omidyar and his wife Pam, the Omidyar
Network supports organizations to foster economic and social change.
Reporting on the Panama Papers revealed secret, so called offshore
financial accounts that were hiding assets to avoid tax payments.