Facebook Inc (NASDAQ:FB) said Tuesday it intends to grant $100 million in real money awards and promotion credits for up to 30,000 private ventures in more than 30 nations to address the financial effect of the coronavirus flare-up.
The greater part will be in real money awards and Facebook will reveal more subtleties soon about how organizations will have the option to apply for help.
Facebook Chief Operating Officer Sheryl Sandberg said in a post Tuesday that the financial disturbance represents a serious hazard to independent ventures. "We've tuned in to private ventures to see how we can best assistance them. We've heard boisterous and clear that money related help could empower them to keep the lights on and pay individuals who can't come to work," Sandberg stated, including that Facebook is likewise going to make it simpler for independent companies to get preparing and support from its groups.
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