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Facebooks CEO, Zuckerberg, states plans to aid in COVID-19 isolation

In a press call on Wednesday, March 18, 2020, Facebook CEO, Mark Zuckerberg says that they will begin their aid in the COVID-19 pandemic by putting out coronavirus information hub at the top of users’ feeds on the platform. Zuckerberg expressed the company’s effort to suppress misinformation, support governmental responses, and prepare for users’ mental health issues.

Due to quarantine and isolation, Facebooks activity saw a drastic spike in usage. Zuckerberg states “the gravity the medical and economic risks posed by the virus requires Facebook to prioritize the public good”.

All Facebook employees and staff have transferred to working from home. The rise of all the isolation and quarantine from individuals during this crisis brings rise to the mental health of many. “I’m personally quite worried that isolation from people being at home could lead to more depression and mental health issues,” said Zuckerberg.

Facebooks stock price is currently at $147.33 and is up +.14% after-hours. The stock has seen a 31.04% decrease in the past month due to the COVID-19 pandemic. The company continues to exceed earning expectations quarter by quarter. The next couple of weeks for Facebook seems to look positive as the coronavirus continues to isolate the majority of individuals around the nation.

March 18, 2020

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