Facebook Impact on Global Economy Pegged at $227 Billion

Facebook, with more than 1.2 billion active users, is the largest social network in the world.

But do social networks impact the global economy? Yes, as it turns out. According to a report from Deloitte—commissioned by Facebook—the company’s impact is more than $200 billion.

“Facebook enables significant global economic activity by helping to unlock new opportunities through connecting people and businesses, lowering barriers to marketing, and stimulating innovation,” Deloitte says.

 

Image: Facebook, Deloitte