SoftImpact

Facebook report on the impact of COVID-19 on Small Businesses

Facebook report on the impact of COVID-19 on Small Businesses

May 18, 2020

The coronavirus pandemic is proving to be a disaster for small and medium-sized enterprises across the world, after taken some form of measure to protect businesses from the effects of virus.

 

Predictions suggest that up to 7.5 million small businesses in America are at risk of shuttering permanently in the coming months unless they're able to find a way to recoup costs, and get back to some level of regular operation.

 

Facebook has published a new report to shed some more light on this, incorporating responses from over 86,000 people who own, manage or work for a small to medium-sized business. The data also includes 9,000 operators of “personal” businesses.

 
 

Facebook's report provides some scale as to how many businesses have actually been significantly impacted by the COVID-19 lockdowns, with a look at the percentage of SMBs in each sector that are currently unable to operate.

 

In fact, a significant increase in the traffic and demands are observed on most of the online shopping websites.

 

As per Facebook:

"According to the survey, 31% of small and medium-sized businesses have shut down [entirely] in the last three months. The situation is worse for personal business (52% of which report shutting down), hotels, cafes and restaurants (43%) and services like wellness, grooming, fitness or other professional services (41%)."

 



LET’S START A NEW PROJECT TOGETHER!



5 Days ago

The micro-blogging platform "Twitter" has made a tool to get rid of spam over the network for users of its version on the "web", after it was available some time ago for the smartphone versions.

October 05, 2021

A sudden technical malfunction caused the Facebook, Instagram, and WhatsApp applications owned by Facebook to stop.

September 29, 2021

Expo 2020 Dubai is all about looking to the future: which is why there will be 152 robots on-site to guide you around!

September 21, 2021

A SpaceX webcast of the launch showed Isaacman, 38, and his crewmates - Sian Proctor, 51, Hayley Arceneaux, 29, and Chris Sembroski, 42 - strapped into the pressurized cabin of their gleaming white SpaceX Crew Dragon capsule, dubbed Resilience,...

September 06, 2021

Apple is still working to launch a self-driving car, and right now, plans to release a vehicle in three to six years. Reuters has said Apple is aiming for 2024, but Apple analyst Ming-Chi Kuo believes a car won't launch until 2025 to 2027 at the...

Load More Load More
Softimpact. All Rights Reserved © 2021 | Privacy Policy

GET IN TOUCH

SITEMAP

© 2021, Softimpact. All Rights Reserved | Privacy Policy

COME FOR A CHAT
COFFEE ON US...

Aamal Center, 6th floor,
Barbar Abou Jaoude Street
Jdeideh Highway - Lebanon
Contact Phone Tel: +961 1 890 888
Fax: +961 1 890 999
2, Genevis Street,
GENEVA COURT, Flat 301
3116 Limassol - Cyprus
Contact Phone Tel: +357 25 338 379
Fax: +357 25 338 379

FOLLOW US ON