A recent survey reveals, Facebook contributed £2.2 billion to UK's GDP in 2011 and supported 232000 jobs in recent years across the European Union.
The report claims that Facebook is more than sharing photos or staying in touch with friends. The report says, increasing social media means growth and jobs.
Facebook helps 50,000 small businesses across Europe by giving £4.2m worth of advertising credits and also partnership with British Chambers of commerce.
Facebook also helped in increasing technology sales, with users buying and using broadband services and other connected devices worth £550m and supports 8800 jobs for employers.
Further, the survey says, 57% of office workers use social networking websites like Facebook and Twitter during their office hours for personal use, that results in wasting 40 minutes a week approximately. It is surveyed that businesses could gain £1.38 billion a year during this wasted time. 14 Percent people said that these sites made them less productive and only 10 percent people claimed it to be helpful.
The report claims that Facebook is more than sharing photos or staying in touch with friends. The report says, increasing social media means growth and jobs.
Facebook helps 50,000 small businesses across Europe by giving £4.2m worth of advertising credits and also partnership with British Chambers of commerce.
Facebook also helped in increasing technology sales, with users buying and using broadband services and other connected devices worth £550m and supports 8800 jobs for employers.
Further, the survey says, 57% of office workers use social networking websites like Facebook and Twitter during their office hours for personal use, that results in wasting 40 minutes a week approximately. It is surveyed that businesses could gain £1.38 billion a year during this wasted time. 14 Percent people said that these sites made them less productive and only 10 percent people claimed it to be helpful.
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