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Coronavirus Jolts Tech Firms: Conferences, Earnings Affected

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3D rendering of virus cells

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The novel coronavirus is continuing to wreak havoc on the global technology industry. Facebook joined the growing list of companies and organizations avoiding international gatherings when it cancelled its F8 developer conference, a widely anticipated event at which CEO Mark Zuckerberg updates the world on Facebook's developments and challenges. The reason for the cancellation: concerns surrounding COVID-19, the respiratory disease caused by the coronavirus.

Facebook's action follows the cancellation of Mobile World Congress, an annual industry gathering that had been scheduled to open on Feb. 24 in Barcelona. Similarly, IBM, Verizon, and AT&T Cybersecurity dropped out of the RSA Conference, currently underway in San Francisco.

The cancellations come as global technology companies weather the impact of the new virus, which has shuttered factories, offices, and stores, as well as limiting travel. That's caused companies like Apple and Microsoft to warn they might miss quarterly revenue forecasts. 

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