A Facebook Cryptocurrency could Raise Billions : Price Analyses

A Facebook Cryptocurrency could Raise Billions

An analyst at Barclays investment bank in the UK, Ross Sandler, has made a statement about the potential impact of a Facebook cryptocurrency. Sandler speculated that the rumored “Facebook Coin” would bring the company an extra $3 to $19 billion dollars in revenue over the next 4 years.

The new revenue stream could change how Facebook approaches its model for generating future income. Sandler notes that Facebook generated $40 billion dollars worth of revenue, of which $39 billion dollars was generated from advertisements.

As advertisement fatigue begins to kick in for Facebook users the choice to diversify into a cryptocurrency coin could be a wise move, according to Sandler:

Any attempt to build out revenue streams outside of advertising, especially those that don’t abuse user privacy are likely to be well-received by Facebook’s shareholders.

Ross Sandler

The earning estimates were based on the earnings from the Google Play store, which are claimed to earn Facebook $6 per user. When combined with WhatsApp, Instagram, and Facebook, the company has over three billion users at its disposal.

 

Aaron Dwayne

Aaron has been reporting on financial markets for more than 6 years. He now spends his time contributing to PriceAnalyses and studying geography. Contact: aaron@priceanalyses.com.