Craig Newmark, the philanthropist and billionaire founder of Craigslist has donated $6 million to the digital marketplace watchdog group, Consumer Reports. It is the largest funding that Consumer Reports has received in its 83-year history. Consumer Reports head, Marta Tellado has announced that with the help of this donation, the organization will launch a new Digital Lab to work on consumers’ rights online.

Marta Tellado, the CEO and president of Consumer Reports, has highlighted that this funding will be used to focus on connective products. Apart from this, the firm will test, investigate and provide consumers with rights as well as ways to make more choices. With the establishment of the digital lab, it will become possible to monitor marketplace standards in the tech industry. She said that the digital lab will also support the implementation of stricter privacy laws and antitrust regulations.

Craigslist Ad Poster Service CEO, Newmark said that the funding will help Consumer Reports to expand its scope in tackling critical issues related to consumers. Newmark, who had served as the former board member of Consumer Reports has not donated to Consumer Reports for the first time. Earlier in the year 2017, he donated the fund to the organization to fund The Digital Standard to facilitate the evaluation and ranks of products as well as services for privacy standards.

Tellado said that their organization is making intense efforts to develop methods for the monitoring of digital products and services. Newmark released a statement in which he said that Consumer Reports has been working hard to ensure the security of seatbelts in cars to remove toxins out of food. He said that the establishment of the digital lab will play a crucial role in increasing transparency in the digital marketplace.