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Users Raise Over $2 Billion Through Facebook’s Crowdfunding Tool

Facebook (NASDAQ: FB) has confirmed that its users were able to raise over $2 billion through Facebook’s in-house crowdfunding tool to support causes and people that they care about. This comes ideally after four years when it launched its first fundraising in 2015.

Transforming the Peer-to-Peer Fundraising

The amount was raised through various fundraiser causes, with the main being birthday that individually raised $1 billion. More so, ALS Association was able to raise $5 million which could help fuel and facilitate their research as well as new breakthroughs for individuals living with Amyotrophic lateral sclerosis. Besides, St. Jude Children’s Research Hospital supporters offered $100 million which was to ensure that families are never to receive a bill for their housing, treatment, food, and travel.

On top of that, March of Dimes raised more than $6 million which is set to support babies who are either prematurely born or with defects as well as mothers during pregnancy and after childbirth. Also, Fisher House Foundation has been able to raise nearly $400 thousand which are set to support the veterans, military and their families especially during their greatest times of need.

The other amount was raised by No Kid Hungry, Veteran’s Matter and Please Take Me There for different causes although it’s still undisclosed of the amount the each of the three did.

Overall, it’s clearly visible, that the world’s largest social platform is transforming P2P fundraising. Facebook has expressed its gratitude to every one of their users who supported the causes and many others through an official handle.

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Justinas Baltrusaitis

Justin is an editor, writer, and a downhill fan. He spent many years writing about finances, blockchain, and crypto-related news. He strives to serve the untold stories for the readers.

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