Facebook's Sheryl Sandberg: 'Irish SMEs making huge contribution to jobs growth'
IRISH small businesses are making a huge contribution to the economic upturn through jobs growth , Facebook chief operations office Sheryl Sandberg said today.
Ms Sandberg, who was worth over a billion dollars until recently, was in Dublin to launch Facebook's European 'SME client council' - a platform designed to link-up SMEs and Facebook executives to improve the social media company's offering to SMEs as they grow and expand their enterprises.
SMEs make up a "huge percentage of jobs growth," she told SMEs at Facebook's European headquarters today.
And she added that while innovations like the growth of mobile throw up issues like the so-called "technology disruption" it also brings huge opportunities in business.
For example, Facebook had negligible revenues from mobile until recently, it now accounts for 53pc of sales.
This is something the SME sector can also tap into, she added.
And this can benefit both SMEs and Facebook as they work together to produce the best offering possible for the small business community.
"However, our product is only as good as the feedback we get," Ms Sandberg said.
"We want it to be as effective as possible - our missions are inextricably linked," she said.
Ms Sandberg joined Facebook from Google and as was also named by Time magazine as one of the world's most influential women.
She is currently worth over $900m following a recent drop in the value of Facebook stock.
SMEs account for about seven out of 10 jobs in the Irish economy.
However, they are hamstrung by a number of issues including a lack of credit from the banks.