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Technology Facebook gives $100M in grants, ads to small businesses hit by coronavirus

12:45  18 march  2020
12:45  18 march  2020 Source:   cnet.com

Facebook bans coronavirus ads that promote 'cures' and fan hysteria

  Facebook bans coronavirus ads that promote 'cures' and fan hysteria Facebook is doubling down on its bid to stop the spread of coronavirus misinformation. Following its announcement of plans to flag and remove false information, the platform will now also ban ads that promise to cure or prevent the virus, as well as those that "create a sense of urgency" about it. Speaking to Business Insider, a Facebook spokesperson said, "We recently implemented a policy to prohibit ads that refer to the coronavirus and create a sense of urgency, like implying a limited supply, or guaranteeing a cure or prevention. We also have policies for surfaces like Marketplace that prohibit similar behavior.

WASHINGTON (Reuters) - Facebook Inc said Tuesday it plans to award $ 100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact of the coronavirus "We’ve listened to small businesses to understand how we can best help them.

WASHINGTON (Reuters) - Facebook Inc said Tuesday it plans to award $ 100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact of the coronavirus outbreak. The majority will be in cash grants and Facebook will disclose more

As the coronavirus pandemic continues to impact communities around the world, on Tuesday morning Facebook announced that it will be offering $100 million in cash grants and ad credits for "up to 30,000 eligible small businesses in over 30 countries where we operate."

a black sign with white text: Facebook is looking to help small businesses amid the coronavirus pandemic. Angela Lang/CNET © Provided by CNET Facebook is looking to help small businesses amid the coronavirus pandemic. Angela Lang/CNET

"People across the globe are stepping up, rising to the enormous challenge in front of us," COO Sheryl Sandberg wrote in a post, below, announcing the news. "We want to do our part too."

"Small businesses are the heartbeat of our communities, and many of the people who run these businesses are heavily affected by the crisis -- especially as more and more people sensibly stay home," Sandberg wrote. "The longer the crisis goes on, the greater the risk to small businesses and to the livelihoods of their owners and employees."

FCC gives T-Mobile extra spectrum to cope with demand during coronavirus

  FCC gives T-Mobile extra spectrum to cope with demand during coronavirus T-Mobile pledged to keep people online during the coronavirus outbreak, and it's getting some help from the government to make that happen. The FCC is granting T-Mobile access to more 600MHz spectrum for the next 60 days to help it cope with customer demand for internet access while the pandemic continues. The carrier had asked for the additional airwaves for remote work, education and health care, not to mention the basics of staying in touch while isolated. Eight companies agreed to make some of their spectrum available, the FCC said, including Comcast and Dish. Help also came from the FCC's spectrum inventory.

WASHINGTON (Reuters) - Facebook Inc said Tuesday it plans to award $ 100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact of the coronavirus "We’ve listened to small businesses to understand how we can best help them.

WASHINGTON (Reuters) - Facebook Inc said Tuesday it plans to award $ 100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact of the coronavirus "We’ve listened to small businesses to understand how we can best help them.

a black sign with white text: Facebook wants you to be able to trust what you read about the coronavirus, Mark Zuckerberg said. © Angela Lang/CNET

Facebook wants you to be able to trust what you read about the coronavirus, Mark Zuckerberg said.

According to its small business website, the goal of the grant program is to help small businesses with rent and operational costs, supporting employees and connecting with customers.

The news is the latest cash contribution from Facebook during the coronavirus crisis. Last week the company announced it was pledging $20 million towards global relief efforts.

Coronavirus: Austria plans to reopen some businesses next week .
HEALTH-CORONAVIRUS-AUSTRIA: Coronavirus: Austria plans to reopen some businesses next week © Reuters / Leonhard Foeger CORONAVIRUS: AUSTRIA PLANS TO WORK CERTAIN TRADE NEXT WEEK VIENNA (Reuters) - Austria will allow small businesses to reopen next week, the first step towards ending containment imposed by the spread of the new coronavirus, Chancellor Sebastian Kurz announced on Monday.

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