Over at WebGuild I was doing some simple calculations about my value as an information slave to social networks like Facebook. Using their 150MM revenues last year and dividing by approximately 100 million current users, we get a value of only $1.50 per year per average user.
The value of an average user in terms of the capitalization of these companies is obviously much greater. Facebook is (over) valued by some measures at 15 billion based on Microsoft paying 240 million for a tiny share. By that metric I am worth $150 to the company. By traditional stock metrics this should jive in logical ways with the revenue and profit potentials, but the internet economy has shattered many of the old sensibilities about company values, which these days are largely a function of hype, competitive takeover strategies, and other unusual metrics.