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01-03-2012, 09:40 PM
weighing my options here.

How does online social networking affect the economy ?
Any info is helpful.

02-14-2012, 05:49 PM
The Almanac News says that it turns out that being a social networking company online leads to lots of social networking offline.

"One of the unique things about Facebook is that they hold a lot of events," Ms. [Joanne] Brion said. "So they generate quite a bit of demand for lodging. We worked with staff (to estimate) how many events, how long people stay, and how many visitors." That includes job candidates who go through an average of six face-to-face interviews before being hired.

According to the study, Facebook needs an additional 14,000 hotel room nights per year to accommodate all those visitors, generating $1.95 million a year in Menlo Park and $3.0 million county-wide, with $300,000 in transient occupancy tax annually. That figure may be on the low side; Ms. Brion said the analysis didn't take into account vendors and potential advertisers who travel to Facebook headquarters because no department had tracked those visits.