Facetown? Bookville? Socialopolis? Whatever they decide to call it, a town built and owned by Facebook is both an intriguing and scary prospect.
While the social media giant is one of many major organisations that offer staff an immersive work-life balance that encourages extended presence in the workplace, this is a big next step - actually living at work.
It will be interesting to see how this pans out.
BILLIONS OF PEOPLE spend a lot of time living their lives on Facebook. Now Facebook wants to create a community in the real world. The internet giant wants to build housing and retail stores at its corporate headquarters — in short, Facebook wants to build its own town. Facebook unveiled plans for the construction project at its Menlo Park, California corporate campus. The initial phase of the project, which will include the housing and grocery store, will be wrapped up in 2021. Subsequent phases will be completed every two years. While most of the housing will go to Facebook employees, Facebook is opening up the housing to the community at large with a mix of market rate and affordable housing units, with 225 units, or 15%, priced below market rate. The company expects the approval process to take two years.