Facebook adding $200 billion to global economy
With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world’s second-most populous nation if it were a country, Reuters reported on Tuesday.
A Facebook-commissioned study by consulting firm Deloitte & Touche noted that Facebook generated $227 billion worth of economic impact and 4.5 million jobs in 2014.
The report looks at the businesses that maintain pages on Facebook as well as the mobile apps and games that consumers play on Facebook and measures all the economic activity that result.
It also considers the demand for gadgets and online connectivity services that are generated by Facebook, Reuters said.
“People believe that technology creates jobs in the tech sector and destroys jobs everywhere else,” Facebook Chief Operating Officer Sheryl Sandberg told Reuters in an interview. “This report shows that’s not true.”
According to Sandberg, Facebook is helping create a new wave of small businesses in everything from fashion to fitness, Reuters said.
On Thursday, Sandberg will be on a panel alongside Google Inc Executive Chairman Eric Schmidt and Microsoft Corp Chief Executive Satya Nadella about the future of the digital economy.
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