Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.
Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.
There are now a lot of known knowns about the coronavirus: It's here, it's spreading, it's stressing hospitals, it's crippling the economy, it's slowed only by distance and isolation — and it's sure to get much worse before it gets much better.
Why it matters: Similarly, there is a sameness to the patterns and known unknowns. So now we hit the maddening stage of waiting.
A slew of old-line industries that once hesitated to embrace digital technologies are now being forced to do so for the sake of survival.
Why it matters: Once consumers get used to accessing services digitally — from older restaurants finally embracing online ordering, or newspapers finally going all-digital — these industries may find it hard to go back to traditional operations.