Economics
Facebook Survey Shows 31% of Small Businesses Stopped Operating
- April survey shows another 11% expect to fail within 3 months
- Half don’t have plans to rehire employees they had to cut
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One-third of U.S. 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.