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.
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
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!
Things change. Like eventually my #earnings will show up in my #wallet. lol
They will go into steem power first then u have to power down to cash out
My value hasn't gone up and it's not in history and my steem power is still the same. I guess there must be a delay.
the future for steemit, is assured on 100%😉
Yeah for sure block chain social media sites is the future Steemit will hopefully be at the top
Yes,, This is Right Facebook 262 Times Bigger Than Steemit.
Yeah but for long will this be ?
Hello @newmarkets65. Good post. I agree that The Steemit platform could grow as Facebook diminishes in the future. I am a somewhat new and currently infrequent user. Do you think that this platform could be more streamlined and user friendly to attract more people?
As it grows it will change and improve like all models but the key with Steemit is that users are rewarded for there content not the company. This is what will be the future not running ads on platforms for profit
This post has received gratitude of 2.11 % from @appreciator thanks to: @newmarket65.
Thank you @newmarket65 for making a transfer to me for an upvote of 17.04% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
You got a 1.84% upvote from @upme requested by: @newmarket65.
Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness
This post has received a 13.9 % upvote from @boomerang thanks to: @newmarket65
16.76% @pushup from @newmarket65
good!.
I think it will become very competitive for steemit if facebook migrates very fast to a blockchain platform and have a cryptocurrency of their own.
You are right on the money.
your positng is very helpful !
Once in a way of amusement
Check your class
In My Post
https://steemit.com/steemit/@jejuin/jejuin-steampower-class
votting and Follow Are Added!
Yes very interesting piece.