Facebook: 26% of SMBs Globally, 22% in US Were Closed in February

New York (31%), Pennsylvania (31%), Massachusetts (30%) reported the highest closure rates


Facebook shared the latest version of its Global State of Small Business Report examining the effects of the pandemic Thursday, saying that 26% of small and midsized businesses worldwide and 22% of those in the U.S. reported that they were closed in February.

The global number is up from 16% last October, but down from 29% last May. Meanwhile, the U.S. number was up from 14% last October.

The social network broke out some of the data from the survey of 35,000 small businesses around the world by category:

States:

  • New York (31%), Pennsylvania (31%) and Massachusetts (30%) reported the highest closure rates.
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