Advertisement
New Zealand markets closed
  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     
  • NZD/USD

    0.6024
    -0.0010 (-0.17%)
     
  • NZD/EUR

    0.5589
    -0.0005 (-0.09%)
     
  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     
  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     
  • OIL

    79.91
    +0.65 (+0.82%)
     
  • GOLD

    2,369.00
    +28.70 (+1.23%)
     
  • NASDAQ

    18,113.46
    +28.46 (+0.16%)
     
  • FTSE

    8,381.35
    +27.30 (+0.33%)
     
  • Dow Jones

    39,387.76
    +331.36 (+0.85%)
     
  • DAX

    18,686.60
    +188.20 (+1.02%)
     
  • Hang Seng

    18,934.72
    +396.91 (+2.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • NZD/JPY

    93.7520
    -0.0160 (-0.02%)
     

Behind Facebook’s Irish Expansion

Behind Facebook’s Irish Expansion

Facebook (FB) is expanding its footprint in Ireland as it takes over the site that has been the headquarters of Irish lender Allied Irish Banks. Ireland is not just Facebook’s European headquarters but also the capital of the company’s entire international operations. Facebook’s international revenue increased 32.1% YoY to $7.0 billion in the third quarter, accounting for more than half of the company’s worldwide revenue.