But I am one of just 175 million that use Facebook to some degree daily. This fact was stated by Facebook’s COO Sheryl Sandberg as she was interviewed by TechCrunch’s Michael Arrington at the World Economic Summit in Davos, Switzerland. Some of Arrington’s comments:
A year ago Facebook had 150 million users, and more than 200 million people visited the site monthly. I noted “You realize it’s like 1 in 5 people in the world that are on the internet visit Facebook.” Sandberg replied, joking “So we have 4 in 5 more to go.”
The thing is, they’re well on their way to getting those other 4. Facebook has more than doubled in size to 350 million registered users in the last year. By this summer well over half of all Internet users will likely visit Facebook each month.
What’s more dramatic – Half of all registered users still log in to Facebook every day, says Sandberg in the interview. That’s 175 million people. And that doesn’t include Facebook Connect logins, only those people that visit the Facebook website.
The numbers start to become a bit staggering but the one nagging question is revenue and profitability. When asked about this Ms. Sandberg seemed a bit evasive in her answer
Yeah. So, I think this was the year that we changed from being experimental ad platform to really being able to go big and we are going big in lots of ways. What Facebook does and I think we do uniquely well which is part of why I’m so excited about the Facebook opportunity when I was offered it two years ago is we’re a place where users express themselves and we’re a place where people share. And when you think about building brands(ph), not just giving someone something they search but before they search. When they’re talking about who they are and affiliating and, you know, finding things typical demand generation, which is still 90% of global ad spenders(ph). I think we’re best property anywhere, with any media to do that because friends want you to affiliate. They want you to say, you know, I am, you know, a Starbucks drinker. I like Starbucks latte and they want you to tell your friends about it.
Huh? It only got less understandable from there. So what is my takeaway on this one? Facebook has a lot of users but is still struggling to monetize this huge traffic flow.
Maybe this would be a good time to ask the question: When you are on Facebook do you pay attention to the ads? If you do how often do you click through? My answer is never unless an ad is offensive then I will rate it. As far as something getting my attention enough to make me curious to buy? Not yet. Maybe I’m the exception of that 175 million but I doubt it.