
Real World Economics–By the Numbers
Nothing puts politics and the cost of public policy in perspective like the numbers–especially when reviewing the cold hard cash costs of doing business.
Most of us are Facebook users and also recognize its brand of social and interactive networking media are the future of communications and relationship building. But it’s success shows what an increased cost of doing business might mean.
According to a post I saw by Michael Arrington, Facebook "is likely to be spending well over $1 million per month on electricity alone…[B]andwith is likely another $500,000 or more per month on top of that. The company has earmarked $100 million to buy 50,000 servers this year and next…. At up to $2 million each, that adds up quickly–we’ve heard estimates that they may have spent as much as $30 million thi syear alone…earmak another $15 million per year in office and datacenter rent payments."
He continues: "And don’t forget those human assets. With 750 employees and growing, Facebook is epsnding at least another $10 million per month on payroll.… Read More