The Gold-Plated Social Nework

Andrew Sullivan —  Feb 3 2012 @ 9:47am


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?