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Facebook expanding Tel Aviv office space despite COVID-19

The social-media giant has reportedly signed a deal worth $13 million over five years to rent two more floors in its current office tower.

Facebook CEO and co-founder Mark Zuckerberg delivers the keynote address at Facebook's F8 2018 conference, April 30, 2018. Photo by Anthony Quintano via Wikimedia Commons.
Facebook CEO and co-founder Mark Zuckerberg delivers the keynote address at Facebook’s F8 2018 conference, April 30, 2018. Photo by Anthony Quintano via Wikimedia Commons.

Despite the coronavirus pandemic causing many companies to lay off employees or have them work from home, Facebook is expanding its office space in Tel Aviv.

Facebook Israel has signed a deal to rent two additional floors in the central Tel Aviv tower where its offices are currently situated, according to Israel Hayom.

The deal is estimated to be worth NIS 750,000 ($220,000) a month and NIS 45 million ($13 million) over five years.

This article first appeared in Israel Hayom.

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