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Facebook considering doubling size of Dublin offices – report

Staff at Facebook's Dublin offices pose in 2009. Facebook is reportedly seeking to more than double its Irish presence in the coming years.
Staff at Facebook's Dublin offices pose in 2009. Facebook is reportedly seeking to more than double its Irish presence in the coming years.
Image: Photocall Ireland

FACEBOOK IS CONSIDERING more than doubling its office space in Dublin as it looks to expand operations at its European HQ, according to a report published this afternoon.

The Bloomberg report said the social network, whose Hanover Quay premises forms its headquarters for all operations outside the US and Canada, is considering leasing as much as 11,150 square metres (120,000 square feet) of office space in the next five years.

Bloomberg cites three sources, all of whom have knowledge of the matter. Its Hanover Quay premises covers around 5,000 square metres.

It says that among the premises being considered by Facebook are the former Bank of Ireland headquarters on Baggot Street – which the bank vacated for a small premises on nearby Mespil Road in 2010 – and two other office blocks close to its HQ.

If Facebook takes the latter option it may find itself moving even closer to Google, whose European, Middle Eastern and African headquarters is based just across Grand Canal Dock on Barrow St, where it occupies three buildings.

If true, the development would affirm Facebook’s commitment to Ireland and indicate the potential for a significant recruitment drive.

It would also cement Ireland’s place as something of a European capital for major technology companies; Yahoo’s Dublin HQ is based just around the corner from Google’s, while Twitter is also set to open an ‘international office’ in Dublin this year.

Facebook declined to comment on the report when asked to by Bloomberg, and again when contacted by TheJournal.ie this evening.

The social network – which has around 800 million users worldwide – is reportedly considering a public flotation on the stock exchanges later this year, which may potentially value the company at above $100 billion.

Mark Zuckerberg, the site’s founder and CEO, has previously said he wants Facebook to become the world’s first trillion-dollar company. The world’s most valuable public company, ExxonMobil, is worth $417 billion.

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Comments (42 Comments)

  • Mike O'Connor 20/01/12 #
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    This is great news. Happy Friday!! :-)

    Reply
  • Damien Doherty 20/01/12 #
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    Fantastic for Ireland if true!

    Reply
  • Aydo 20/01/12 #
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    Don’t use or like Facebook but jobs are jobs

    Reply
  • Ted Power 20/01/12 #
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    Ireland likes this!

    Reply
  • GCopeland 20/01/12 #
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    More news like this please!

    Reply
  • Jay funk 20/01/12 #
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    Awsome

    Reply
    • Cpm 20/01/12 #
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      I gave you a thumbs down because you said ‘awesone’ however i do share your joy at this great news.

  • Theportobello 20/01/12 #
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    What could possibly be bringing these tech companies to Ireland? The weather, empty office space, a highly qualified IT workforce? Or perhaps the ‘double Irish’? As Lisa O’Carroll wrote in the Guardian late last year “Google, which funnels all its European revenues through Dublin, pays 2.4% tax on operations outside the US.” This amounted to tax of only 5.6 million euros on profits of 10 billion turnover according to The Irish Independent.

    If Ireland wants a low corporation tax rate which annoys other European counties then so be it, but it is not the advertised 12.5% – it is way below that due to these tax schemes which have not been closed down. I’d say the UK, Spanish, German governments et al have good reason to pissed off with this. These articles explain why these tech companies are setting up here rather than London, Berlin or Madrid, and it’s not for the weather…

    http://www.guardian.co.uk/technology/2011/sep/26/twitter-international-hq-dublin
    http://www.independent.ie/business/irish/google-paid-only-56m-tax-despite-10bn-turnover-2900130.html

    Reply
    • Sean 20/01/12 #
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      http://joe.ie/news-politics/current-affairs/cold-weather-central-to-googles-e75m-dublin-investment-0016300-1

      Tax is a massive part of it, there are other tax mechanisms though, especially ones that dont require US companies to pay tens of thousands of Irish workers

    • Theportobello 20/01/12 #
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      Indeed you did – but like most (but not all) Journal stories they are just re-writes of actual newspaper pieces or bits from the wires, beeb or RTE. This isn’t a criticism (there are only a couple of you!) but if I’m making a point I’d rather back it up by going to the source of the story! My point stands – they are only coming for one reason – tax and given that they are paying a lot less than the ‘advertised’ rate it is hugely unfair on other countries.

    • Inda Kinny 20/01/12 #
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      @Theportobello You moany fecker. It’s not just tax, they already have that benefit. Like pretty much every other Tech company that came here for the tax they also realised we have a skillset above many other countries and we also have access to europe, we speak english, we’re in the euro and we work bloody hard when we need to. We’re also good craic – most of us anyway.

    • Gavan Reilly 20/01/12 #
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      I see where you’re coming from – and no offence taken! – but it would remiss of me not to respond by pointing out that we rarely base what we write solely on a newspaper’s report.

      Wherever there are ‘source’ documents – like Google’s accounts, in this case – we will go and base our report on those, rather than simply parrot what a newspaper has said. Given the size of our team, newspapers will often spot something before us – but that doesn’t mean we don’t go and do our own work too! :)

    • Danyl Jaackyfe 20/01/12 #
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      Jesus wept. U moany moany twat. It’s good news. The glass is always half empty isn’t and the drink is the wrong drink. We have a great country and Dublin is as good as city as anywhere in the world…. Deal with it or foff somewhere else.

    • Ryan Allen 20/01/12 #
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      Surely if it was just for the tax reasons they could have a small office, maybe staffed by only one person. Why do they want to hire (predominately) Irish people if it is just for the tax rate?

    • Report this comment

      It’s ridiculous that we bend over for these large multinationals with our low tax. Disgusting behaviour from our government in fact to sell us so short, just shows our lack of confidence in the world with the big boys. They’d cut and take everything from our disadvantaged and rob from the disabled but get adequate tax from these guys is a no no. Raise the tax and if your facebook won’t pay, they can f-off, and their nerds with them.

    • Paudy O'Leary 21/01/12 #
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      Terrific!
      Jobs for people, and money in the public domain and you’re pissing and moaning about our corporate tax? Are you mental? Do you realise that the very countries having a problem with this figure are lying swines?
      We advertise our rate as 12.5% yes, and we can go to a much lower rate too, yes. Do you know that every other country in the world does the same? Are you aware that there are countries where there is no actual bottom rate for this tax? Well there is! So bloody what who we’re pissing off. It’s business, dear! If those other countries had more attractive options, had as creative economists and tax officials wouldn’t these techy jobs be going to those countries? Is that your preference?
      You want to end these tax schemes so we stop pissing off our neighbours? Please!

      Now listen, you’re coming across as one who wishes to be seen as a fountain of information. I think you might be a secondary school kid.

    • Clive Solas 21/01/12 #
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      A lot of the jobs on offer include as a requirement a European or Middle Eastern language. You know how good we’re at foreign languages yeah. While it’s good for the exchequer that people will fill these jobs and thus pay their taxes, the new positions will be filled by imported staff while our own graduates will be exported to Canada or Australia.

  • Shanti Om 20/01/12 #
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    They may have second thoughts if the Irish government press ahead with their own wannabe SOPA & PIPA..

    Reply
    • kyp154 20/01/12 #
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      They aren’t going to be doing that until the major powers have them for a long time… Unless they find some way to skim money off it, then theyll be all over it

  • Report this comment

    It can only be a good thing
    Bringing jobs into Ireland

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  • Aranthos Faroth 20/01/12 #
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    Ahh!! I’ll be refreshing their careers portal every 3 seconds!

    Reply
  • Andrew Telford 20/01/12 #
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    Their careers portal is terrible…

    Applied for a job 3 years ago, they pull details from Facebook and every-time since then you’re automatically screened out once you put in your name…

    Reply
  • B7584 20/01/12 #
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    Great news! Facebook is still a crock of shite though.

    Reply
    • Itchy Brain 20/01/12 #
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      So don’t use it!

      I personally think its brilliant, I have gotten back in touch with so many people from school and I can conveniently keep in touch with friends abroad!

    • B7584 21/01/12 #
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      I dont use it. Deleted my account best part of a year ago after using it for best part of 3 years. I can see why people like it/use it, i just found it tedious and changing everyday. Plus i found myself hating my ‘friends’ more and more each day with their stupid status updates. If i am truly friends with someone i have their phone number & email address & contact them that way.
      The whole ‘omg i havent seen you in 10 years so im going to be your friend’ thing is just so bloody plastic.

  • Graham Mace 20/01/12 #
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    Perhaps Facebook might like to take over the abandoned Anglo HQ and finish the job. It would be a credit to the city of Dublin and would turn a source of shame into immense pride with a global brand in place.

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  • Report this comment

    If Irish IT Specialists working for face book are any good why don’t they star their own Social Network sites?

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  • Niall Edwards 20/01/12 #
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    Ok – lets take the Corporation Tax out of the discussion for a minute – there are a large number of small business that survive based on their location, location, location and the footfall from employees of such companies generate hugh revenue. There is an argument to be made for the promotion of local businesses in the current economy – most of us have had experiences with large and small but I would suggest that the local businesses and services are what we like – lets look at the bigger picture on this one ????

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  • Bernadette Dunne 20/01/12 #
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    Brilliant news news congrats to all concerned

    Reply
  • neo1 21/01/12 #
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    That’s it Bernadette end of script

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  • Report this comment

    Alot of foreign people in that photograph. Just how many employees are Irish there? I really doubt we have enough IT nerds in this country from MIT to satisfy facebook.

    Reply
    • Stephen Murphy 27/01/12 #
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      Hello Weazel – maybe you might enlighten yourself as to what kind of jobs people working for Facebook and Google in Dublin do. A lot (not all) of the roles here are sales and support based, meaning ‘IT Nerds’ (as you so eloquently put it) wouldn’t exactly be the target demographic for jobs.

  • Anthony O'Brien 21/01/12 #
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    It is great news but we still need to be on top of our game. Facebook is temporary, there’s no doubt about that, the next “Facebook”will be along very soon now, remember Bebo and MySpace. But they appear to be good jobs and if I was as bright (and as young) as some of the talent in this Country I’d have a go………………..but alas!

    Reply
    • B7584 21/01/12 #
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      Please,no more social networks. Infact id rather see more singing reality tv shows!
      No, sorry i take that back actually. :D

  • Graham Mace 21/01/12 #
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    You don’t have to be a user or lover of social networks. I suspect most of us would like to see the economic benefits that come with business of any sort. There’s enough jobs lost and commercial premises empty for us not to be picky about any opportunities. Bring it on.

    Reply

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