Mar 17, 2020 - Economy & Business

Facebook giving away $100 million to help small businesses during coronavirus

Illustration: Aïda Amer/Axios

Facebook says it's giving away $100 million to help 30,000 small businesses in over 30 countries during the coronavirus, according to a Facebook post from COO Sheryl Sandberg.

Why it matters: Facebook's business is reliant on small businesses buying ads. The tech giant is trying to be proactive in how it supports its community in a time of crisis.

  • "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," Sandberg wrote.

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Exclusive: Facebook funding coronavirus coverage, fact-checking

Illustration: Aïda Amer/Axios

Facebook will announce on Tuesday two new efforts to help support newsrooms and fact-checkers in efforts to promote quality information about the coronavirus.

By the numbers: Facebook will donate $1 million to local newsrooms to help them cover the crisis and $1 million to fact-checkers' efforts reviewing news coverage for virus misinformation.

Facebook will indefinitely pay contractors it has sent home

Photo: Marc Piasecki/Getty Images

Facebook will pay its contract workers indefinitely, even if they aren't able to carry on their normal duties, as it directs most of its labor force to work from home to mitigate the spread of coronavirus.

What they're saying: "I don't think we see an end to that," CEO Mark Zuckerberg told reporters Wednesday on giving full pay to its contracted content moderators whose work can't be done remotely.

U.S. coronavirus updates: Death toll passes 9,600

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 9,600 in the U.S. Sunday night, per Johns Hopkins data. The death toll in the U.S. has risen over 1,000 every day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday this upcoming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 18 mins ago - Health