A new report by consultancy company Deloitte has showed that social networking giant Facebook has created an impressive 4.5 million employment opportunities and enabled economic impact of USD 227 billion globally in the year 2014.
The fascinating report card has been mentioned under the title “Facebook’s Global Economic Impact”.
In the report, the researchers analysed how the platform, marketing, and connectivity of the world’s largest social site have facilitated growth and job opportunities around the world.
Jolyon Barker, Deloitte Global Managing Director –Technology, Media and Telecommunications, said, “Our study finds that Facebook enables significant global economic activity by helping to unlock new opportunities through connecting people and businesses, lowering barriers to marketing and stimulating innovation.”
According to the study estimates, the social networking company has about USD 8 billion cost base and it has successfully enabled global economic impact of USD 227 billion along with 4.5 million jobs globally in the year 2014.
In a statement, Facebook Chief Operating Officer Sheryl Sandberg said, “Across the world there is a greater urgency about creating jobs. The good news is that the tech industry is powering the economy and creating jobs within and beyond its own campuses. Every day, businesses of all sizes, sectors, and skill sets are using the Facebook platform to grow and expand.”
In the report, the experts also closely examined how the social forum stimulates economic impact by providing effective tools for the marketers, demand for connectivity and a platform for app developers.
The study was commissioned by Facebook.
Facebook enjoyed a user base of more than 1.3 billion people from across the globe.