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Facebook : to create 500 jobs in new London engineering centre

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06/12/2019 | 05:04am EDT
FILE PHOTO: Attendees walk past a Facebook logo during Facebook Inc's F8 developers conference in San Jose, California, United States

LONDON (Reuters) - Facebook will create 500 new tech jobs in London by the end of 2019, including 100 roles in artificial intelligence, with many working on systems to detect and remove malicious content, fake accounts and harmful behaviour, it said on Wednesday.

The social media giant said it will employ more than 3,000 people in the capital by the end of the year across three sites, including its new engineering centre in Soho, central London.

"These hundreds of new jobs demonstrate not only our commitment to the UK but also our determination to proactively detect and remove malicious content," Nicola Mendelsohn, Facebook's vice president for Europe, Middle East and Africa, said at a London Tech Week event.

Facebook said London was its biggest engineering centre outside the United States, with 1,800 people employed in technology and engineering by the end of the year.

(Reporting by Paul Sandle; editing by James Davey)

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Financials ($)
Sales 2019 69 392 M
EBIT 2019 24 208 M
Net income 2019 20 737 M
Finance 2019 49 780 M
Yield 2019 -
P/E ratio 2019 24,31
P/E ratio 2020 18,71
EV / Sales 2019 6,41x
EV / Sales 2020 5,12x
Capitalization 495 B
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Technical analysis trends FACEBOOK
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Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 221 $
Spread / Average Target 27%
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Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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