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RE: If Steemit = Facebook then 1 STEEM = $3624.56

in #steemit • 8 years ago

no, they own less than 100% of the ecosystem, which by definition in the post was $346.1B (FB's market cap). E.g., @ned owns 11.1M of the current $299M market cap or 3.7% = $12.8B

8 years ago in #steemit by
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     8 years ago 

    Thank you sir, you just made $3000 STEEM completely reasonable!

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       7 years ago (edited)

      Made it more reasonable-sounding... but a few other points:

      1. You didn't account for FB being really over-valued.
      2. You didn't account for the USD being seriously over-valued.
      3. You didn't account for the amount of bloat and waste Facebook creates with poor management of user assets, data and advertising revenues.

      I could keep going but I know I'm preaching to the choir. I'm saying it could be more.

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       7 years ago 

      Ha - yes all true! Could also add some of the market value of Reddit, YouTube, Wordpress etc. as Steemit will grab market share from all of those platforms over time.

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