Editorial News

Facebook pledges $100 million to small businesses impacted by coronavirus

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.

Related posts

Watch: Woman thrashes Bank Manager for seeking ‘sex for loan’

Penbugs

பத்தாம் வகுப்பு பொதுத்தேர்வு குறித்து நீதிமன்றம் கருத்து..!

Kesavan Madumathy

A 96-year-old World War II veteran becomes Italy’s oldest student

Penbugs

COVID19: Pharmacists to deliver medicines at doorstep

Penbugs

Jhansi park’s ‘ghost exercise’ video goes viral

Penbugs

பெண்குயின் மூவி ரிவியூ….!

Shiva Chelliah

Greta Thunberg supports the demand to postponed NEET, JEE during COVID19

Penbugs

எந்த மொழியையும் மத்திய அரசு திணிக்காது’ மத்திய அமைச்சர் ரமேஷ் பொக்ரியால்

Penbugs

Gurugram: 14YO boy commits suicide after named in ‘Me Too’ post

Penbugs

Varalaxmi Sarathkumar on casting couch: Despite being a star kid, it happens to me

Penbugs

விநாயகர் சிலைகளை பொது இடங்களில் வைத்து வழிபட அனுமதி இல்லை – தமிழக அரசு

Kesavan Madumathy

Therapy dog receives honorary doctorate in veterinary medicine

Penbugs