Facebook’s COO Sheryl Sandberg Had This to Say About the Coronavirus

Facebook COO Sheryl Sandberg said this week that no one knows how much impact coronavirus will have on the marketing industry.

Speaking to Bloomberg’s Emily Chang on Monday, Sandberg said that Facebook’s priority is to protect its employees by having them work from home while keeping its services up and running for its users.

Chang had asked Sandberg how Facebook’s ad business is positioned to weather the downturn caused by the spread of
COVID-19. Sandberg responded, “This is not going to business as usual, and the marketing industry is certainly going to see a real impact. I don’t think anyone knows how big. So we’re going to watch and look.”

“We know that we can keep paying our employees, paying our contractors, we know we can keep the lights on,” Sandberg added.

Shares of Facebook are down 28.86% year-to-date.

Around the world, there are more than 181,000 cases of the coronavirus with at least 7,113, according to Johns Hopkins University.

Disclaimer: We have no position in Facebook, Inc. (NASDAQ: FB) and have not been compensated for this article.