Benji 20,113 Posted November 22, 2016 Share Posted November 22, 2016 Facebook isn't batting an eyelid over Brexit -- it still sees the UK as a great place to invest. The Silicon Valley-based social network announced on Monday that it was expanding its UK-based operations by 50 percent next year, as well as opening a new, bigger London headquarters. Facebook will boost its UK headcount to 1,500, said the company's vice president of EMEA Nicola Mendelsohn, speaking at the CBI business conference in London. The UK is Facebook's biggest engineering base outside of the US, building products such as Workplace, and the new roles will make London an even larger engineering hub for the company. "Facebook's decision to expand in London is further evidence that London's strength as a tech hub keeps on growing," said Mayor of London Sadiq Khan, reacting to the news in a statement. Following the UK's decision to leave the European Union in May there was widespread concern that the country would become a less attractive place for foreign companies to do business. But Facebook has not been dissuaded from investing in the UK following the Brexit vote, and it's not alone. Google also views London as an important hub and said earlier this month that it would be investing in thousands of new engineering roles in the UK. Likewise, Amazon said in June that by the end of 2016 it expects to have created 3,500 new jobs in the UK across multiple departments. The country also presents another opportunity to Facebook in the form of small businesses that have a presence on the social network. More than 300 million people from around the world are connected to a small business in the UK and almost 30 million people on Facebook in the UK are connected to at least one UK business, according to the social network. Helping small businesses grow these numbers and connect with new customers creates opportunities for Facebook to boost its advertising revenue from within the UK too. "The UK remains one of the best places to be a tech company and is an important part of Facebook's story," Mendelsohn said. https://www.cnet.com/news/what-brexit-facebook-to-increase-uk-presence-by-50-percent/ Link to post Share on other sites More sharing options...
The Fame Joanne 5,985 Posted November 22, 2016 Share Posted November 22, 2016 If that's a reaction to that other thread, im sorry but Facebook alone won't keep the UK alive wish them the best though Link to post Share on other sites More sharing options...
Benji 20,113 Posted November 22, 2016 Author Share Posted November 22, 2016 14 minutes ago, The Fame Joanne said: If that's a reaction to that other thread, im sorry but Facebook alone won't keep the UK alive wish them the best though A proportional decrease in household wealth isn't exactly shocking though and the reactions in that thread are misguided. That drop is the remainder of the fallout from the referendum it's self, what's more important is the future and Brexit it's self. There was uncertainty whether investors would still choose the UK to do business in, considering Facebook, Google and Amazon, three huge businesses have decided to increase their presence in the UK is a good sign. Especially when you take into consideration that some of the biggest businesses already working in the UK have agreed to continue to work in the UK post-Brexit, this is excellent news. So thanks for the wishes, but we'll be more than fine. Link to post Share on other sites More sharing options...
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