Facebook pledges $100 million to small businesses impacted by coronavirus

India's Current Status

5,172
Confirmed
137
Deaths
382
Recovered

Global Current Status

1,380,397
Confirmed
78,313
Deaths
295,812
Recovered
Powered By @Sri

Until now, Facebook was working hard in fighting false information and also by promoting free WHO ads about Coronavirus treatment.

Now, the company is taking a step forward to help small businesses and startups who are working from home at this crucial time by providing money which can be used to pay their rents etc.

The company will take care of 30,000 small businesses in over 30 countries by investing $100 Million.

“Small businesses are the heartbeat of our communities, and many of the people who run these businesses are heavily affected by the crisis — especially as more and more people sensibly stay home,” Facebook Chief Operating Officer Sheryl Sandberg wrote in a statement. “The longer the crisis goes on, the greater the risk to small businesses and to the livelihoods of their owners and employees.”

Facebook also told employees that they will each receive a $1,000 bonus to support them during the coronavirus pandemic. As CNBC, notes Facebook employees nearly 45,000 full-time workers and several thousand contractors. It’s unclear if contractors will also receive the bonus.