I've actually experienced the latter, as I looked for an alternative to Gmail. I just found it hard to justify paying for an email provider, where the only real value add to me is the absence of ads, and not being Gmail. And really, the price is mostly irrelevant. For me to be willing to pay _anything_, it would have to have a really compelling reason to move. The value of not seeing ads is just not that high for me. And I don't think you would say there isn't value in an email provider.
If that argument sounded absurd to you, it's probably because it is. The services are valuable because people ultimately do use them — a lot of them, even. They pay for them indirectly by agreeing to look at ads.
There are loads of services we do not directly pay for, like the fire department and the public library — and yet they are immensely valuable.
I don’t agree that just because people will use a free thing that means it has a lot of value. Note I didn’t say that FB has no value, just that it might not be as valuable as one might think.
Considering most of their value is their messenger platform I don’t think FB is really worth much at all beyond their social graph.
That's a typo on my part — it doesn't change the veracity of the argument.
> I don’t agree that just because people will use a free thing that means it has a lot of value. Note I didn’t say that FB has no value, just that it might not be as valuable as one might think.
Sure, but how do you measure the "true" value? If you can answer that question, you will probably become a billionaire.
> Considering most of their value is their messenger platform I don’t think FB is really worth much at all beyond their social graph.
What are you basing this on? You may only find the messenger platform to be valuable, but how do you know how others perceive the FB platform/product?