“I WANT to be enthused about things like Myspace, and Facebook, and Second Life, and iLike…In every case, I feel like people are blindly giving away value, and not getting enough in return. What do you get from these websites that you can’t get on your own? What do they do for you that you can’t do for yourself? The real purpose of all of them seems… to me, to be convincing people to give up personal information so that information can be sold to businesses, or otherwise used to market products. They are SPAM factories.” – Rusty Dubose
Rumor has it that Microsoft is about to purchase 5% of Facebook for $500 million.
Let’s put those numbers against the stats on Wikipedia’s Facebook page:
($500,000 * 20) / 34,000,000 active members = $294.11764 / active member.
No, I don’t think most “active members” get $300 of “free” value out of Facebook, MySpace, or Pownce.
Maybe LinkedIn….more likely Twitter.
The free blog their cousin set up for them on the server in his basement – absolutely.