They are spending $46 billion a year to keep all that running.
Over a million dollars spent per staff member.
Wow.
Over a million dollars spent per staff member.
Wow.
Are you saying that's a lot, or not a lot?
At somewhere elite like Facebook many of those staff members are probably being paid about half of that in compensation. And then they have massive server farms to run.
https://s21.q4cdn.com/399680738/files/doc_financials/2019/q4...
The amount of software and hardware solutions that get developed over that time creates a great entry barrier. That's not to say that it's impossible for a competitor to appear with a great idea and execution and over time become the next big thing, but it's critical to emphasize that it's going to take a long time of large year over year investment to get there.