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

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

Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!

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.
AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in