4 ms·

Maybe they think all their employees will spend an extra $1000 they wouldn't have otherwise. Some of it might be spent keeping local business running for a week

• pmiller2 7y ago
  I don’t work at FB, but I’ve definitely spent a few hundred these past couple of weeks preparing for the current situation.
• buboard 7y ago
  arent local businesses closing?
  • kjakm 7y ago
    Not sure about the Bay Area but a lot of restaurants are switching to delivery only (inc. the kind of places that never did delivery in the first place) so this money could go to them. Money can also be spent buying things in advance - for example concert tickets for late in the year. This will help performers/venues remain afloat in the meantime. Also - for local businesses that weather the storm, these people now have an extra $1k + extra bonus that they can spend to help get them back to black sooner.
  • Supermancho 7y ago
    Yes. In washington and california, which isn't surprising. Some businesses can't cope with the shutdown, some were barely getting by and have just pulled the trigger (eg The Stranger in Washington State, bakeries, restaurants, gyms, etc) to close or drastically reduce services. This will get more common, as the MONTHS drag on.