20 Sep '11, 2am

Facebook 'App Economy' has helped create at least 182,000 jobs in US and contributed billions to US economy: Study

Facebook 'App Economy' has helped create at least 182,000 jobs in US and contributed billions to US economy: Study

The ecosystem of applications built for Facebook has created at least 182,000 jobs and contributes billions of dollars in wages and benefits to the US economy, according to a study published on Monday. -- PHOTO: REUTERS WASHINGTON (AFP) - The ecosystem of applications built for Facebook has created at least 182,000 jobs and contributes billions of dollars in wages and benefits to the US economy, according to a study published on Monday. The study by the University of Maryland's Robert H. Smith School of Business said using 'more aggressive estimates' the Facebook 'App Economy' has created a total of 235,644 jobs. It has contributed between US$12.19 billion (S$15.39 billion) and US$15.71 billion in wages and benefits to the US economy this year, the study said. 'Our findings confirm that social media platforms have created a thriving new industry,' said Il-Horn Hann, co-dir...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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