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. The company will also expand its Community Leadership Circles program, which is like a Meetup for local members of the neighborhood, as well as add more people to its Groups for Power Admins. It's not clear whether you have to have started a group on Facebook to be eligible for the grants, but the company's statement does say it wants to "empower leaders from around the world who are building co...