CORVID/World map/Facebook provides financial support to companies affected by coronavirus
World mapMay.14.2020

Facebook provides financial support to companies affected by coronavirus

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Small businesses suffer the most during quarantine. This has become a huge problem all over the world. In this regard, Facebook decided to allocate $ 100 million to help small companies.

Measures taken to combat the spread of coronavirus continue to harm small companies – retail stores, restaurants and bars have to close down everywhere. As a result, Facebook has decided to provide cash grants to various small businesses to offset some of the damage. The company’s chief operating officer Cheryl Sandberg said Facebook would donate $100 million for 30,000 businesses in 30 countries. «Small businesses are the hearts of our communities and many of the people who run this business have been hard hit by the crisis. The longer the crisis lasts – the greater the risk to small businesses is», Sandberg wrote on Facebook. In addition, Facebook founder Mark Zuckerberg through his charity organization bought two diagnostic machines – it quadrupled the coronavirus testing capability in San Francisco.

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