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Facebook announces $15M to support small Bay Area businesses

Original post made on Apr 8, 2020

Weeks after Facebook announced it would put $100 million into a program to offer grants to small businesses around the world, the company announced Tuesday that $15 million of that funding will be set aside for Bay Area businesses.

Read the full story here Web Link posted Tuesday, April 7, 2020, 5:31 PM

Comments (10)

6 people like this
Posted by Inexpensive PR
a resident of Old Mountain View
on Apr 8, 2020 at 12:47 pm

$15 million is peanuts to Facebook and will do little for all of the small businesses in the Bay Area. This is just inexpensive PR (public relations) and a way to increase Facebook business. The $3,300 per small business could keep afloat a hogdog stand for a month or two.


4 people like this
Posted by Thank You Facebook!
a resident of Another Mountain View Neighborhood
on Apr 8, 2020 at 1:23 pm

Many will do nothing^^^^^^^^^^^^^^^^^^^^^^


3 people like this
Posted by Waldo
a resident of Waverly Park
on Apr 8, 2020 at 3:56 pm

FB earned approximately $20B in profits in 2019: Web Link. $100M represents one half of one percent of last year's profits. With folks stuck at home, and spending more time on FB, profits will be even higher this year. Yes, it's nice that local small businesses will get a small infusion of much needed cash from FB. But, really, half a percent? At a time like this?


7 people like this
Posted by Thanks Facebook
a resident of North Bayshore
on Apr 8, 2020 at 4:08 pm

No good deed goes unpunished around here.


4 people like this
Posted by Thank You Facebook!
a resident of Another Mountain View Neighborhood
on Apr 8, 2020 at 4:08 pm

@Waldo, Will you be donating .5% of your income to the cause?
This could be a huge groundswell, you in?

I love how so many individuals and companies in the private sector are pitching in.


3 people like this
Posted by Waldo
a resident of Waverly Park
on Apr 8, 2020 at 4:11 pm

@ Thank You Facebook: 3.5% in 2019; how about you?


2 people like this
Posted by Thank You Facebook!
a resident of Another Mountain View Neighborhood
on Apr 8, 2020 at 4:14 pm

That's great, I manage an altruistic fund I set up in my retirement, and while I may donate significantly more than you, I certainly appreciate YOUR donation as I do Facebook's.

You must be most angry at all the people who donate nothing though, correct?


2 people like this
Posted by Waldo
a resident of Waverly Park
on Apr 8, 2020 at 4:20 pm

@ Thank You FB: I'm not angry at anybody. Well, maybe Trump. Hopefully, all your largess does some good.


1 person likes this
Posted by m2grs
a resident of another community
on Apr 9, 2020 at 12:02 am

Shouldn't the title be "support Bay Area small businesses"?


2 people like this
Posted by The Business Man
a resident of Castro City
on Apr 9, 2020 at 1:46 am

$15 Million is not even petty cash to Facebook.

Their recent evaluation made them worth $218 Billion.

Surely they can provide much more, say perhaps as much as $10 Million for housing assistance in Mountain View every 3 months.

Then another $10 Million for business grants in Mountain View every 3 months?

This will probably protect the City from the devastation that is occurring right now.


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