> What is immense is its valuation of 80 times earnings even while the product is literally running out of humans left to be new users (let alone humans who have money).
This is what amazes me. The last few humans left without a facebook account are those earning $2 day. What possible business model can sustainably boost earnings 10x from here?
Also those that made a few fake facebook accounts to stalk people in highschool, but never had an actual account because they had not more than a handful of friends and did not want to give an american coorporation all their personal details. Oh, also countless variations Jesus and Mohammed accounts giving spiritual advice to strangers.
This is what amazes me. The last few humans left without a facebook account are those earning $2 day. What possible business model can sustainably boost earnings 10x from here?