How does Steemit, Inc. make money?

2016-09-01 03:59

Social media companies can have tremendous market values without actually making any money because investors are forward-looking. Facebook, Instagram, Tinder and Snapchat, what did they all have in common? At one time, they were all losing massive amounts of money each year, while being valued in the billions of dollars. Why? Because they had a vast user base and investors know there are many ways to monetize a company with a large active user base.

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