Facebook’s Sheryl Sandberg: Social Media Helps Drive the Global Economy

Social media is “a really unique bright spot” in the challenged world economy, Facebook COO Sheryl Sandberg argued in a speech Tuesday at the DLD conference in Munich. “It’s not just posts and pictures and the fun things with friends, but this is really serious stuff,” Sandberg said.

Facebook added $15.3 billion in value to the European economy in the past year, according to a new Deloitte study released today, Sandberg said. Business associated with the company was responsible for 232,000 jobs in Europe this year, the study also found. (Here’s Facebook’s summary of the study, and Deloitte’s PDF.)

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