Facebook has recently announced that it will award $100 million for nearly 30,000 small businesses spread over 30 countries – in cash grants and ad credits. This is to address the global economic impact due to the coronavirus outbreak. It will disclose more details on how businesses can apply for assistance.
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Sheryl Sandberg, Facebook COO, said that this economic disruption has a severe impact on small businesses. She mentioned in a post, “We’ve listened to small businesses to understand how we can best help them. We’ve heard loud and clear that financial support could enable them to keep the lights on and pay people who can’t come to work.”
Source: https://www.reuters.com/article/us-health-coronavirus-facebook/facebook-to-award-100-mln-in-cash-grants-ad-credits-to-small-businesses-idUSKBN21426T
