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Facebook added 4.5 million jobs to global economy, report shows

Tuesday, January 20, 2015 - 23:33

[NEW YORK] Facebook Inc has helped to create 4.5 million jobs and add US$227 billion to the world economy, according to a Deloitte study commissioned by the social- networking service.

With more than 1.35 billion active users, Facebook attracts marketers, software developers and other businesses that make money off the network, making it a "catalyst for economic activity," the report said.

Facebook, seeking opportunities in new areas, has been testing a version of its social network for people to communicate and collaborate at work.

The Menlo Park, California-based company has also invested in messaging, virtual reality and other technologies.

Market voices on:

"The tech industry is powering the economy and creating jobs within and beyond its own campuses," Sheryl Sandberg, Facebook's chief operating officer, wrote in a blog post.

"Every day, businesses of all sizes, sectors, and skill sets are using the Facebook platform to grow and expand."

The biggest economic impact from Facebook was seen in the US, with US$100 billion, according to the report.


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