Facebook bullish even in real estate
Documents released by the city of Menlo Park, Calif., have reportedly confirmed Facebook's upcoming move to 79 acres in the Silicon Valley municipality, according to The Wall Street Journal. The space, part of which formerly housed Sun Microsystems while another section was split between General Motors and Tyco Electronics, has room for nearly 10,000 employees, several hundred percent more than the 1,400 the social network company employs in Palo Alto, Calif.
Not to over-generalize, but I think about recent tech-sector history as I assume most others do. The 1990s belonged to Microsoft, the 2000s to Google and now Facebook appears primed to own this coming decade. Call me fatalistic, but I can't help but wonder who will own the 2020s, and if we'll be talking about an undergrad dropout whose startup is poaching Facebook's best and brightest, leaving the Menlo Park space once again vacant. Probably not.