Facebook Market Cap: 443 Billion vs Steem Market Cap: 489 Million [AMAZING POTENTIAL]

in #steem7 years ago (edited)

Sometimes you are allowed to dream right? Well, this dream could turn out to become real. 

Today Steem or Steemit is in its infancy, only 200 000+ users versus Facebook with a total of 1,9 Billion users. When Facebook had its IPO back in 2012 it reached during that day a market cap of 104 billion and it then had 483 million accounts. 

That is a lot of potential for Steem, lets play with some numbers:

  • Right now the ratio between Facebook and Steem is 906:1 or 0.1%
  • If Steem would have a market share of 1% of Facebook that would mean 4,43 Billion USD
  • If Steem would have a market share of 10% of Facebook, then we are talking 44,3 Billion USD
  • Finally, if the ratio would be 1:1, obviously the market cap would be 443 Billion USD

Btw, here are the fundamentals for Facebook:

And the latest numbers for Steem:

So, to round things up, what is realistic in a future race against Facebook? Well, if we only look at active account numbers, Steem might not reach 1,94 billion accounts anytime soon but 10% of that user base would be 194 million active users and that could be feasible within 5 years even if that is a high target.

If we look at content only, Facebook is way more day-to-day focused on trivialities. Steemit on the other hand is much more topic related and meant for thinking people so that could be a "hurdle" if we want to reach a gigantic mass market. 

What do you guys think?

Sort:  

Congratulations @freeforever! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Why you think steem is facebook if it is not facebook at all. I think steem is blog.

Coin Marketplace

STEEM 0.21
TRX 0.14
JST 0.030
BTC 68183.21
ETH 3545.21
USDT 1.00
SBD 2.82