Eventbrite confirms the coronavirus outbreak will materially impact its business

Eventbrite confirms the coronavirus outbreak will materially impact its business

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/16/eventbrite-confirms-the-coronavirus-outbreak-will-materially-impact-its-business/

Global ticketing and events business Eventbrite announced this morning its business outlook will be materially impacted by the COVD-19 pandemic, as many have already suspected. Specifically, the company says it’s withdrawing its outlook for the first quarter of 2020 as a result of the “growing impact” the outbreak is having on global live events.

The announcement comes at a time when many places around the world have banned large gatherings —including U.S. states like California, New York and Washington — making events like meetups, conferences, concerts, and more not just ill-advised but illegal. Local governments are also telling residents to practice social distancing in order to reduce the virus’s spread. And on Sunday, the CDC recommended that no gatherings of more than 50 people should take place over the next eight weeks to slow the spread of the novel coronavirus across the U.S.