id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-30089	Zhang, Anqi; Yang, Yi	Research on the Valuation of Internet Companies Based on Metcalfe’s Law	2025	7	.pdf	application/pdf	5685	205	51	Significant Impact of Non-Financial Indicators Platform profit models (advertising, live streaming gifts, e- commerce, gaming) rely on user scale, requiring analysis of active user numbers, user contribution value, monetization rate, and user stickiness. In 2022, the number of social network platform users in China reached 1.03 billion, an increase of 8.0% year-on-year, and is expected to reach 1.08 billion in 2023.	cache/fbem-30089.pdf	txt/fbem-30089.txt