Facebook Shares New Insights into the Impacts of COVID-19 on SMBs

The latest update is the fifth installment of Facebook’s State of Small Business report. The Social Network has been tracking the data from a range of SMB’s around the world throughout 2020, in order to gauge how business conditions are faring in the challenging conditions of 2020.

The latest report is not overly positive – first off, on closure rates, Facebook’s data shows that many businesses are still being forced to shut down due to the pandemic, with only Europe and Latin America seeing a reduction in business closures within the latest period.