Mar 3, 2020 - Technology

Pro Rata Podcast: Inside Facebook's future

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Facebook spending $100 million to help news outlets in coronavirus crisis

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.

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.

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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