The new millionaires from Facebook's $100 billion initial public offering are expected to spend big in the Bay Area.
Facebook could file its paperwork to go public as early as this week.
But the most important thing about when the Menlo Park-based social network goes public is not the billions it is set to cash in but instead the jobs and change it will create, according to the company's chief operating officer Sheryl Sandberg.
“If this is seen as an opportunity for jobs and for people to use their work to change the world that’s what we want to be a part of,” Sandberg said at a CNBC debate at the World Economic Forum in Davos.
The company is just 7-years-old and it already employees more than 3,000 people and it has created more than 450,000 jobs in Europe and the US, according to Sandberg.
The Facebook executive has brought a message of jobs and revenue-creation on her tour of Europe as the region continues to deal with stifling debt and borders on the brink of a larger recession.
"The world is looking for economic growth—the kind of economic growth that feeds a billion people and that employs people all around the world," she said.
Reports last week said that Facebook could file its paperwork as early as this Wednesday to go public.