Fantastic Facebook
01/30/2015 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, www.econ70.com
The Friday File: In a recently released and terribly designed study by brainless economists commissioned by Facebook, the social media site finds that in 2014 it created $227 billion in world economic impact and 4.5 million jobs! Are you kidding? Assuming 500 million users, who use Facebook 30 minutes/day and value their time at $10/hour you have $900 billion in annual benefits ignoring the trivial costs of running Facebook. OMG!