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Facebook will invest tens of millions in community leaders
At its Communities Summit in Europe today, Facebook launched its Communities Leadership Program, an initiative meant to "invest in people building communities." The social network has pledged "tens of millions of dollars," including up to $10 million in grants that will fund initiatives proposed by individual awardees. Up to five people will be selected for residencies, while up to 100 will be chosen for a fellowship program. Residents will get up to $1 million for their proposals, while fellows will receive up to $50,000 for specific community initiatives.
