Facebook survey shows 31% of small US businesses stopped operating


A small retail store is open with curbside orders ready for pickup in Hoboken, New Jersey. The vast majority of Facebook’s advertisers are small businesses, using Facebook, Instagram and WhatsApp to communicate with their customers. — AFP

One-third of US small businesses have stopped operating, while another 11% expect to fail in the next three months if Covid-19 conditions persist, according to an April survey.

"The numbers are devastating,” said Sheryl Sandberg, the chief operating officer of Facebook Inc, which helped conduct the survey of 86,000 business owners and employees, in partnership with the Small Business Roundtable.

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