Facebook: The gold-plated social network
Post Category(ies): General, News, Politics, The Street Buzz
The Facebook IPO is near. An incredible fact:
The social network employs only around 3,000 staff, giving it an average revenue of $1.2m per person in 2011. Analysts are quick to point out that the site’s users effectively act as employees, adding content and value for others.
Ezra Klein asks:
Has any major company — let’s say with a valuation of $50 billion or higher in today’s dollars — ever had a lower ratio of employees to customers than Facebook does?
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Post by Peter Schorsch of Saint Petersblog read more of this blogger's posts at http://saintpetersblog.com
