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RE: Weekly Comment Catch-Up 5/18/18
To give you an example, Facebook reported 1.45 billion active daily users (user accounts much higher) for their first quarter earnings. For them and their business model which works off of ads, they got almost $13 billion on sales which translated to almost $5 billion in profits. This is only 3 months! That is how important users are for social networks! Now imagine how us users can monetize this through the STEEM blockchain and ecosystem!
Thanks for the info @newageinv. I wasn't sure exactly how many FB users there were but that it was much higher than where we're at. But you're absolutely right; their user base is everything to them (as it should be for us). Without end users to display ads to, FB would be worthless. And without other users to connect with on Steemit, it too would be worthless.
I'm really glad that we don't have traditional advertising here on Steemit. But I do like the idea of content promotion (and perhaps even product placement) which is a much more digestible form of advertising. I could really get behind more of that being added to Steemit, which would ultimately bring in more corporate dollars to the platform, and put more money in our pockets as investors. 💵😀
Yeah, Facebook is making billions of dollars each year off of us people and it is good when we make some money at least on Steemit and we are our own ads to each other and Facebook is like thousands of times bigger than Steemit as Steemit has only about a million accounts but Steemit does have a concentration of great people here at least which is a potential towards many great things, long-term speaking.