As per a recent news report by Reuters ”If Facebook was a country would rank as the world’s second most populous nation” with 1.35 billion users of its Internet social network.
According to a new study by consulting firm Deloitte & Touche that Facebook commissioned Facebook says it generates a lot of real economic activity with $227 billion worth of economic impact and 4.5 million jobs generated in 2014. The report is made keeping in view the businesses that maintain pages on Facebook as well as the mobile apps and games that consumers play on Facebook. It also considers the demand for gadgets and online connectivity services that are generated by Facebook.
All in all Facebook is helping create a new wave of small businesses in everything from fashion to fitness. Facebook is helping many households in generating income by starting virtual stores, for example : a young women in Bengaluru, India, who started a hair accessory business using Facebook and a mother in North Carolina who started the Lolly Wolly Doodle line of clothing, selling to customers through Facebook.
Source : Reuters Edited by Sam @ Tredinginsocial
Sam Irfan believes in the power of clear, straightforward writing. His blog posts tackle everyday topics with relatable insights and easy-to-follow advice. With a conversational style, he makes complex subjects feel understandable. He’s dedicated to sharing knowledge and empowering readers to take action. Find his latest posts on trending in social.
