tag:blogger.com,1999:blog-1141932539860553199.post931093229157904549..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Facebook profits - $2.27 per active userMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1141932539860553199.post-47720029677149998112018-04-28T14:22:49.238+01:002018-04-28T14:22:49.238+01:00L, I'm not sure that the casino and insurance ...L, I'm not sure that the casino and insurance company (see also bookmakers) analogy applies. They have lots of small wins and a few big losses, they have to judge premiums/odds to make sure that overall they come out ahead. i wouldn't call it 'rigged', that;s just their risk premium, so fair enough.<br /><br />FB just has billions of small wins, I doubt there are any users who causes them big losses.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-71518584039897580332018-04-28T13:18:15.873+01:002018-04-28T13:18:15.873+01:00..and thinking about it a bit more that's also.....and thinking about it a bit more that's also how insurance companies work - a bit.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-78120648456897524132018-04-28T13:17:24.200+01:002018-04-28T13:17:24.200+01:00MW Rather like the way Las Vegas works. It's ...MW Rather like the way Las Vegas works. It's the billions of small bets that make the Casinos rich, not the small number of high rollers (and the games are rigged - of course).Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-30620854355089690902018-04-27T20:11:12.220+01:002018-04-27T20:11:12.220+01:00Sh, no particular point apart from the obvious one...Sh, no particular point apart from the obvious one that the profits per user are ridiculously low. The key is to have lots of users.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-78613113036700891312018-04-27T19:56:56.302+01:002018-04-27T19:56:56.302+01:00Your point?Your point?Shineyhttps://www.blogger.com/profile/13281261419328886986noreply@blogger.com