"E-mail implied you had to reply, Facebook did not. The government has pegged the size of latest stimulus measures at over 1% of GDP and that of the steps taken so far this fiscal year to 9% of GDP. By Rani … Facebook has a big impact on the global economy, says Facebook-funded study Mark Zuckerberg at an event to launch an app providing free basic Internet service via cellphone connections in … 5 Economic impact of Facebook connectivity initiatives 23 5.1 Facebook’s initiatives create economic value both as a direct result of investment, and through multiplier effects 23 5.2 Increased connectivity outcomes enabled by Facebook’s initiatives, in the form of new users and additional traffic, create significant economic value 28 Many believe Facebook is having a negative impact on society around the world Mark Zuckerberg’s former pollster has the data to prove it. There was a strong impact of the national lockdown on India’s electricity consumption. Social media permeates many aspects of our lives, including how we connect with others, where we get our news and how we spend our time. Economic Impact Analysis methodology 25 Model specifications 29 Input-Output Table 30 Appendix B 34 Tables: 1 Facebook cumulative economic contributions in Denmark, Ireland, and Sweden, 2011-18 (millions) 4 2 Luleå Data Centre expenditure timeline 9 3 Facebook cumulative economic contributions in Sweden, 2011-18 (millions of euros) 10 Economists estimate the impact of the latest measures at 0.25-0.6% of GDP. Examining the Economic Impact of COVID-19 in India through Daily Electricity Consumption and Nighttime Light Intensity. We analysed the contribution Facebook supports as a catalyst for economic activity in ecosystems composed of marketers, app developers, and providers of connectivity. "The biggest impact of Facebook was that it broke us out of e-mail jail," says Paul Saffo, a longtime Silicon Valley futurist. Yet, we know little about the economic effects for users. In 2017, we ran a large field experiment with over 1765 individuals to document the value of Facebook to users and its causal effect on news, well-being and daily activities. They have been quietly trying to calculate the impact of Facebook on gross domestic product data, ie to measure what our social-media addiction is doing to economic output. Since Facebook is one of the world’s most popular advertising platforms, they felt it necessary to put together a release regarding how advertisers (you) can use their data moving forward and, more importantly, how these sweeping protections will impact the way we use Facebook to create audiences, store data, and target prospects. To the extent that political scientists evaluate Facebook’s impact on the American political system, the verdict is that it doesn’t matter much, particularly when compared with other factors like the condition of the economy or number of combat casualties (see Andrew Lindner’s fantastic TSP essay on the subject). We estimate that through the channels of marketers, app developers and providers of connectivity, Facebook enabled $227bn of economic impact and 4.5m jobs globally in 2014.