Social media companies are like operating a 'gigantic store with nothing on the shelves and lots of foot traffic'—you have users and engagement but no mechanism to monetize, so you're betting that if you build user base, ways to make money will eventually emerge ('if we build it, he will come')

definitionpending

Speaker

Aswath Domodaran

Evidence Quote

it's like having a gigantic store with nothing on the shelves and lots of foot traffic... Call it a field of dreams. Remember, Kevin Costner, 'if we build it, he will come,' Shoeless Joe. It's the same thing. If we have the users, it will come.

Source

Valuation in Four Lessons | Aswath Damodaran | Talks at GoogleTalks at Google
Created: 8/11/2026, 1:45:13 AM

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