Tweet it loud: Twitter to set up new base in Ireland
TWITTER, the global social networking site, is to establish an international office in Ireland, the IDA announced today.
The news was appropriately revealed this morning in a tweet by IDA Ireland. It read: "Ireland is trending. Twitter to establish international office in Dublin."
The decision to locate in Dublin is a fantastic addition to Ireland’s digital media cluster, IDA chief executive Barry O’Leary said.
Minister for Jobs, Enterprise and Innovation Richard Bruton described the decision as a massive win for Ireland and warmly welcomed the move.
While the Minister didn't specifically put a number on the potential for employment that the announcement might bring, he referenced the example of Facebook which started off here with 40 jobs, but now had 250 people employed in this country.
"It's a great win for Ireland," Mr Bruton stressed. "It shows that despite our difficulties, we have great strengths in our economy."
Ireland had beaten off stiff competition from places including London because it was now seen as an international centre with a skilled workforce, with a favourable tax regime and cost competitive environment, he said.
"On every front, we are flowing and this gives us confidence as a country for the future."
More than 100million people use Twitter every month and the majority of people log on via mobile phones, Twitter revealed earlier this month.
"We're seeing tremendous growth on mobile," Twitter chief executive Dick Costolo said during an informal update with reporters at the micro-blogging service's headquarters in San Francisco.
The number of "global active users" has jumped more than 80pc from the start of the year with mobile climbing 40pc each quarter for the past year, according to Costolo.
The twitter.com website is visited by more than 400 million people per month compared to 250m at the beginning of 2011.
Meanwhile US multi-national gaming company BioWare Ireland has announced that it is creating 200 jobs in Ireland.
The Galway-based company, which provides support for the on-line game Star Wars, already has half these jobs up and running, the IDA said today.