Tech

The Economic Impact Of Coronavirus Event Cancellations

Published

on



Major tech conferences around the world are scrapping their events due to coronavirus. As of early March, the economic impact of these cancellations had surpassed $1.1 billion and since that time, the number has only increased as more events are scrapped everyday. Major cities from San Francisco to New York have banned large gatherings, as diagnoses in the U.S. have soared. It’s undoubtedly a smart move for public safety. But all these cancellations, particularly of major conferences, are taking a huge financial toll.

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

The Economic Impact Of Coronavirus Event Cancellations

source

34 Comments

  1. @jodojodo8558

    January 10, 2024 at 10:22 am

    Have you asked yourself "Is this mass hysteria?"
    If not – you have not taken the opportunity to critically assess the situation and are guilty of the same biased thinking that conspiracy theorists engage in

  2. @lameekgod5341

    January 10, 2024 at 10:22 am

    and why is this. its Because America contuine's its Evil ways your bet repent and ask for forgivienes .

  3. @leioforegon5097

    January 10, 2024 at 10:22 am

    Would love to see an update to this story, now that it's 3 months later and so many Events businesses are closing…this has been at or nearly a 100% loss for millions of people in this industry.

  4. @fredford2530

    January 10, 2024 at 10:22 am

    After all this, the only people left on highs now since the economy bit slow that why i invested on bitcoin with SAVIORCASHADDERTOOLS on google search i was able to earn up to $2000

  5. @kenlangham337

    January 10, 2024 at 10:22 am

    Hyperbole of fake news is making weenies out of the spinless you can all go to hell But trust me one way or another God is gonna sort us out for his victory.

  6. @HighExplosiveDualPurpose40mm

    January 10, 2024 at 10:22 am

    You people need to learn to master independent thought . ..this is exactly what they've been praying for … a coronavirus in a prince's shinning armor ridding in on horseback to save their economic bubble and 80 years worth of inflation

  7. @eugeneendres5846

    January 10, 2024 at 10:22 am

    Summer 2020: Cancelled

  8. @pulasview7786

    January 10, 2024 at 10:22 am

    Watch this video and check how you should get ready to face the next economic recession.
    https://youtu.be/pgE62DQQ0l8

  9. @khaitran3709

    January 10, 2024 at 10:22 am

    No risk no reward, should have never shut down the economy. So eat your loss!!

  10. @thiscommentwasposted262

    January 10, 2024 at 10:22 am

    WHO FARTED?

  11. @thiscommentwasposted262

    January 10, 2024 at 10:22 am

    It affected me. I was going to charge people to come see me sing and then Corona happened. I had to refund the money for those two ticket purchases.

  12. @ahowell417

    January 10, 2024 at 10:22 am

    Public safety?! 98% survival rate…

  13. @georgehernandez4079

    January 10, 2024 at 10:22 am

    China fault ….

  14. @lovinghusband1

    January 10, 2024 at 10:22 am

    CNBC selling out, China's death toll number is fake

  15. @ahmedsyam9066

    January 10, 2024 at 10:22 am

    I want a written report about this video, whose can help me don't hesitate, please

  16. @alexadjekum1543

    January 10, 2024 at 10:22 am

    The negative effects of this virus haven’t even begin yet

  17. @rawrtroll4600

    January 10, 2024 at 10:22 am

    There's only been a drop of cases of COVID 19 in china because China's government decided to stop recording any new cases

  18. @AmitSingh-fl1cs

    January 10, 2024 at 10:22 am

    china should be imposed war charges
    same on china

  19. @lenziany

    January 10, 2024 at 10:22 am

    This economy earthquake is starting to happen around the globe..

  20. @MIKEDIAMONDZ

    January 10, 2024 at 10:22 am

    😱

  21. @shrek_2_on_dvd699

    January 10, 2024 at 10:22 am

    This is all so unnecessary

  22. @Tougef30

    January 10, 2024 at 10:22 am

    I just want to work out

  23. @SweetPeachannel

    January 10, 2024 at 10:22 am

    Pls Corona … I want this over soon please!!!!

  24. @motilaljoshi8452

    January 10, 2024 at 10:22 am

    what if I tell you that summer is not cancelled, we still can live normal as we were before? I have found way to stop spread of corona virus and also to save our economy. with one product & a simple action plan, we can eliminate corona and the save world. Please let me know if we can discuss http://www.saffronshield.com

  25. @remcovanek2

    January 10, 2024 at 10:22 am

    All this panic about the state of the economy, not the state of our planet.

  26. @Bloated_Tony_Danza

    January 10, 2024 at 10:22 am

    Am I the only one who’s having a good time?

  27. @ev3287

    January 10, 2024 at 10:22 am

    These events can be held next year if possible because they are big and bring in tons of cash so businesses are more then likely to take a shot at it but still this is tragic not only to the businesses themselves but to the people

  28. @ev3287

    January 10, 2024 at 10:22 am

    Where my chs people at

  29. @dogshitgaming6969

    January 10, 2024 at 10:22 am

    Nuke China

  30. @justynlie6085

    January 10, 2024 at 10:22 am

    Can someone give some summary about this news?

  31. @kevinstevenson4326

    January 10, 2024 at 10:22 am

    This virus is getting ridiculous.

  32. @katepaton2252

    January 10, 2024 at 10:22 am

    Nice companies losing money and it's nothing compared to what they have .
    And i hope these companies lose all of there money because they don't care about there employees.

  33. @kashs260tv

    January 10, 2024 at 10:22 am

    Disneyland is closed. I can sleep better without those f ing fireworks every night and there's almost no traffic here and I can breath cleaner air. Keep it closed. Make America rural again.

  34. @yurij1942

    January 10, 2024 at 10:22 am

    This is so irrelevant and absurd in comparison to the thousand of lives lost

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version