KEY POINTS
  • Facebook and Google are among Silicon Valley companies offering consolations to their local communities that have been affected by them pulling large events.
  • But while many tech companies like Google, Zoom and Microsoft are offering their productivity services for free to digital communities, few have addressed their surrounding physical communities.
  • While the funds aren't much in scope, they represent the companies feeling the need to acknowledge how their pull-outs affect their backyards.  
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018.

As Silicon Valley companies cancel their massive annual conferences amid the coronavirus spreading, they're kicking some cash over to the cities that were supposed to host them.

Nearly all the major tech companies have announced decisions to cancel, alter and pull out of various upcoming conferences which have been their biggest annual events. More than 100,000 COVID-19 cases have been confirmed around the world. California governor Gavin Newsom declared a state of emergency on Wednesday and San Francisco officials reported its first two confirmed cases Thursday, triggering large employers like Facebook and Google to tell employees to work from home.