How valuable is Facebook to its users? And when access is free, how can its value be measured?
In a new study, three economists and a social media researcher set out to answer these questions. They pooled together their knowledge and expertise to figure out just how valuable the popular social media site is to those who use it, in contrast to its market value or its contribution to gross domestic product.
Since Facebook is free, the researchers posed the question to participants in reverse:...
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source https://psychcentral.com/news/2019/01/01/study-facebook-users-value-it-at-more-than-1000-a-year/141610.html
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