Tencent’s per-user value exceeds half a million dollars in market terms.

Evidence

The market value for Tencent was $519 billion in November 2017, and the number of users in quarter 2 of that year was 963 million. There was a 25 percent fall in the value of their stock in the first half of 2018, however. Regardless of these adjustments, the fact remains that each of these companies benefits greatly from each of their users. — Nick Couldry & Ulises A. Mejias, The Costs of Connection, 799