Facebook said Thursday that it will cancel its annual developer conference due to concerns about Corona, as growing concerns about the virus's impact on the global economy caused Wall Street to retreat for a sixth day in a row.

The F8 conference - which attracted 5,000 people from all over the world last year - was scheduled for May 5-6 in San Jose, California.

Instead of the F8 event, Konstantinos Papameletides, director of platform partnerships, said on Facebook that the company will organize a host of locally hosted events, videos and live content.

A company spokesman told Reuters that Facebook imposed temporary restrictions on business travel for its employees to China, South Korea and Italy, where a large number of cases were reported.

Microsoft said yesterday that it was still planning to hold its developer conference in Seattle later in May, but withdrew from a gaming conference that was scheduled to take place next month in San Francisco, to join a group of multinational companies in canceling corporate events and stop employees from traveling As a result of the outbreak.

The company also plans to hold a digital event only from 16-18 March instead of the Game Developers Conference. Earlier, Facebook withdrew from the games conference and the global marketing conference was canceled.

Google said that the developer conference is still planned for May 12-14, but both Google and Microsoft have said they are watching the developments of the Corona virus.

Earlier this month, the Mobile World Congress (MWC), the annual meeting of the telecom industry in Barcelona, ​​was canceled after a corporate aversion to participate due to concerns about Corona.