- Users spend 456 billion hours on Facebook per year. The time spent working in the U.S. per year is 246 billion hours.
- Scientific research has shown that Facebook is addictive and it’s a habit that’s very hard to rid yourself of.
- At a valuation of 36, addiction makes Facebook one of the best risk reward plays out there.
In the book Barbarians at the Gate, Buffett said this: “I’ll tell you why I like the cigarette business, it costs a penny to make. Sell it for a dollar. It’s addictive. And there’s fantastic brand loyalty.” More →