Modern MBA

Data

Facebook

The largest social network ever built, at about three billion monthly users, and the American product Meta was founded on.

18 figures on Facebook, drawn from 3 Modern MBA case studies.

The figures

US dollars7

Against its own chart
Revenue in the years around Twitter's IPO · 2013$7,870M1st of 4 · top $7,870MWhy Twitter never made money
Revenue in the years around Twitter's IPO · 2012$5,080M2nd of 4 · top $7,870MWhy Twitter never made money
Revenue in the years around Twitter's IPO · 2011$3,710M3rd of 4 · top $7,870MWhy Twitter never made money
Revenue in the years around Twitter's IPO · 2010$1,970M4th of 4 · top $7,870MWhy Twitter never made money
Operating expense and result at the IPO · Net income / loss$1,500M1st of 2 · top $1,500MWhy Twitter never made money
Operating expense and result at the IPO · Go-to-market expense−$997M2nd of 2 · worst −$997MWhy Twitter never made money
Operating expense and result at the IPO · R&D expense−$1,415M2nd of 2 · worst −$1,415MWhy Twitter never made money

Percentages2

Against its own chart
Annual operating margins of the leading tech companies · 201645%1st of 4 · top 45%Why AI is just big data again
Annual operating margins of the leading tech companies · 200934%3rd of 4 · top 35%Why AI is just big data again

Counts9

Against its own chart
Average monthly visits by site, in millions · 201728M1st of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 201828M1st of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 201928M1st of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 201627M4th of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 201524M5th of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 201421M6th of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 201316M7th of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 201211M8th of 9 · top 28MWhy free content never became a business
Average monthly visits by site, in millions · 20117M9th of 9 · top 28MWhy free content never became a business

Case studies covering Facebook

Case study — TechnologyWhy Twitter never made moneyA Facebook user was worth $8 to advertisers. A Twitter user was worth $2.75. Everything else follows from that.12 min readCase study — Media & entertainmentWhy free content never became a businessBuzzFeed's advertising revenue has never once covered what it costs to make the content. That is the whole story.13 min readCase study — TechnologyWhy AI is just big data againBig data was sold for a decade and produced nothing. The same players are running the identical playbook with AI.15 min read