Facebook is it’s adding real estate developer to its list of functions apart from the social network, a virtual company, and digital payment system. The company plans to build an entire town called Willow Park near its headquarters in Menlo Park, California. Facebook has promised the site will feature 120 units of senior housing, as well as 320 for affordable housing, though in Silicon Valley, even those with six-figure salaries struggle to afford astronomical real estate prices, meaning even below-market-rate housing is out of reach for most working people. Do you think that the company is trying to control markets through investing in some of critical sectors of the economy ?
