Facebook Inc (NASDAQ:FB) is not just another social media platform as the company claims that it generated over $200 billion worth economic impact and 4.5 million jobs globally in 2014. Facebook Inc (NASDAQ:FB)’s Chief Operating Officer, Sheryl Sandberg talked in an interview to Reuters on Friday about the economic impact created by Facebook Inc (NASDAQ:FB) platform in 2014. A ‘Reuters’ article discusses about Sandberg’s interview.
The article reports that Facebook Inc (NASDAQ:FB) has around 1.35 billion users worldwide. With the tag of online platform with highest number of subscribers, Facebook Inc (NASDAQ:FB) claims that it generated around $227 billion worth of economic impact and 4.5 million jobs in 2014 around the world. This was result of a study done by a firm that Facebook Inc (NASDAQ:FB) has appointed, Deloitte & Touche.
The study analyzed all the business that had a Facebook page. It also took into account the mobile apps and games that generated some revenues for the users. The toughest thing to account for is the amount of demand created for gadgets and online services generated by Facebook Inc (NASDAQ:FB), which was also accounted in the study.
When Facebook Inc (NASDAQ:FB) platform was used as a marketing tool for business, which generated some revenues, part of it was attributed to Facebook Inc (NASDAQ:FB) and accounted in the study conducted by Deloitte. Donations made after seeing the Facebook Inc (NASDAQ:FB)’s auto play ads were also accounted.
“People believe that technology creates jobs in the tech sector and destroys jobs everywhere else, This report shows that’s not true. We’re no longer in a place where large companies can create the jobs the world needs,” Sandberg was quoted as saying.
Sandberg pointed out in the interview to Reuters that Facebook Inc (NASDAQ:FB) is helping people in creating small business and she quoted some examples for successful small businesses around the world.
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.