Facebook considering Ireland as base

Reports today claim social networking website Facebook is considering setting up their European base in Ireland.

The Minister for Enterprise, Trade & Employment Micheál Martin met with company executives during a visit to California last October, the Irish Times has reported.

In the US, Facebook is now more popular than MySpace and it is the most popular social networking site in the UK.

Last October, Microsoft paid €165m for a 1.6% stake in Facebook, which values the site at more than €10bn.

(RTE.ie News Thursday, 17 January 2008 12:56)

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