I hope I mentally parsed your comment correctly, it was tough with all if those negations, but the claim that all companies who have long user lists will always

I hope I mentally parsed your comment correctly, it was tough with all if those negations, but the claim that all companies who have long user lists will always monetize is demonstrably false. Off the top of my head: 1. Friendster 2. AltaVista 3. AOL's AIM. They tried, and failed. I'm not saying that a huge user list is worthless, that would be silly, but until you're making money it's all just pie in the sky thinking.