Facebook released results of a report from 86,000 small businesses showing the damaging effects of the COVID-19 recession. The results revealed that nearly one third of small businesses have gone out of business, reflecting how decimated small businesses in South Carolina and across the U.S. have been since the economic collapse. In support of these businesses, Mark Zuckerberg announced new products, Facebook Shops, Live Shopping, and Loyalty Programs to help small businesses join and succeed in the digital economy.
We spoke with with Diana Doukas, Policy Manager at Facebook about these new programs and products. You can also find lots of other tools to help you out on the Facebook business resources page.
The full audio version of the interview can be found on the WhosOnTheMove SC podcast that is available on the Apple podcast app or on Spotify. It is also listed below.