Facebook 262 Times Bigger Than Steemit
Facebook Is has a market cap 262 Times bigger than that of Steemit Market Cap I have outlined the Maths Below
However I want to tell you that Steemit is very Undervalued in my view and the potential of Steemit
First I want to look at the Facebook and it size and the money that is in the Social Media Space
The Sector is worth Billions of Dollars and is currently on an uptrend its growing more people coming online globally everywhere using the sites.
Lets look at Facebook its number's
Market cap of 383,508,313,086.69 of Facebook
2,138,085,037 Shares Outstanding Facebook
Share Price at $179.37
Its profits last Quarter $4.7 Billion 4 Quarters a year an average of around $16 Billion a year profit.
That's a Hugh Sea of money and profits that come from advertisers that run ads to people on the platform
Facebook only make money because the people are on there platform and they can run add's to them
Now you have to ask yourself
Why are people on Facebook and will they be in the Future ? There is no guarantee people will be there
The People on Facebook can not earn money directly from Facebook. They can not say do certain thing or post stuff against Facebook policy in fact its very controlling site.
It does not have very much quality content mostly spam on the feed with ads.
Its overall its gives the users a poor experience and it just wasting the users time.
Lets Talk about Steem
The Market Cap Value of Steemit is $1,461,167,387
steem $1,424,938,337 USD plus Steem Dollars $36,229,050 USD
Facebook Is has a market cap 262 Times bigger than that of Steemit Market Cap
Now Steemit Does not make money for its share holders as it has none it makes money for its users
Which I believe is a stronger and potential better model to create value for the platform
If you have 2 Billion users on Steemit and they are all actively posting and making money then they will stay on the platform use it more and give more value to the token's they hold and buy more.
Currently the model of running ads to customers only benefits FB and the ads companies it creates a negative user experience in the long run.
This negative user experience means less use of the platform and value on the platform. That why your feed is always full of crap.
Steemit does the opposite it increases user experience and use of the platform
In the end the Steemit model will beat the Facebook Ads Model
Can Steemit Steal Facebooks Users Just even 10 % a couple of million then the Steemit Platform would be laughing and i Know this will happen and it will grow a lot in the next few years
Wait and see steemit platform grow and Facebook reduce its users base in the next several years
Comment up vote Thanks
This is why steemit will continue to grow until it surpasses Facebook?
Growth rate of Steemit user is increasing day by day, So Steemit may overtake facebook much faster. Facebook has 1.37 billion active user on September 2017.
Its the steem train coming haha
yeah its on its growth stage
Yes steemit is much better then fb never liked fb so did not use fb hardly only used it to store my pictures.
Ads model is one of those reason steemit is surely better than facebook.
steemit is the future.. And the future is now
Yeah i believe the Ads model is the past no longer will work
steemit will be the new "facebook"
Steemit has excellent potential, however, at this point, the market cap of Steem tokens is not a very good metric if you are trying to measure its value.
Facebook's network value is millions times larger than Steemit's, which is where real value lies.
Steemit is the best thing that could have happened to bloggers and it is an innovate blockchain based revenue sharing system, that could be the future of content monetization on the Internet.
for sure millions of bloggers on one site making money
Yes.
Good analysis
Thanks
Good analysis. It feels like Steemit just needs more exposure/marketing and time. Thanks for taking the time to run these numbers @newmarket65.
Thanks Facebook Price is overvalued due to cheap money Central of Swiss Prints money and buys Facebook stocks thats why its at $179 a share. So the truth is Steemit is very undervalued for the product and value it provides and we will see it go to at least $25 maybe higher in a few years when the number on the platform hit the millions.
Steem is on the rise, I was on Friendster then MySpace then Facebook. Steemit is the next step in the evolution, can't stop...won't stop!
Even if Steemit achieves 1/10th of FB user base, every active participant of Steemit will be lining up to the Mars for a rock concert 😎🤘
It will get there because money wins every time people always follow the money