The new class of Internet-age companies deal in one thing: data. But how do they turn these huge volumes of data into profitability? So far, it’s been a struggle for even the biggest players.
Even one of the darlings of the age, with a recent $100 billion IPO has yet to turn a profit, and they have more than 1 billion unique monthly visitors. It is estimated that about 2.5 billion of the world’s 7 billion people have internet access, which means almost half of those with internet access use Facebook. Those numbers are astounding.
I believe there is an organic, value-adding, win/win way in which these companies can make money with all that data and it’s just a matter of time.
How do you see these companies evolving in the future?