Facebook is preparing to snap a piece of the newsletter cake.

The social media company is reportedly developing a range of newsletter tools “for journalists and writers” a story of the New York Times. According to the three people who spoke to the newspaper, the project is still in its infancy, but it appears to have the blessing of CEO and co-founder Mark Zuckerberg.

The move would mark Facebook’s most recent move into an area already popularized by other companies. Substack …

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