Facebook’s Sandberg says that it is impossible to calculate the impact of coronavirus

Facebook’s Chief Operating Officer Sheryl Sandberg said that no one is aware of the after-effects that will be caused to the marketing industry post-coronavirus.

In a recent interview, COO Sandberg was queried regarding the coronavirus situation and how Facebook will mitigate the outcome. However, she says that at this point, it is too early to predict the real impact of the pandemic. She further said that just like other businesses in the world, their company has also seen a drop in shares. But they are going with the wait and watch policy!

Similar to many organizations around the world, Facebook has also asked its employees to work from home in order to safeguard their health. Nevertheless, it will continue to pay its employees and contractors on time – regardless of the downfall, it is experiencing.
"Facebook is investing $100 million to help 30,000 small businesses in over 30 countries where our employees live and work."
In light of the situation, Facebook has put a ban on all ad listing for face masks. Additionally, it canceled its annual F8 software developer conference along with other meetings.

During the interview, Sheryl Sandberg highlighted its policy to tackle misinformation around the COVID-19 posted on their platforms. According to her, Facebook is pulling down all false content and conspiracy theories about the virus. They are also collaborating with the health authorities to detect any spam content that revolves around the global health issue.

As of this writing, the world has seen 212,799 cases of the coronavirus – a type of respiratory illness that spreads quickly from one person to another. The global health authorities, with the help of government officials, is working around the clock to contain the situation. However, with each passing day, the number of diagnoses continues to grow – affecting the economy all over the world.

Photo: Joe Raedle via Getty Images

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