Facebook Credits
April 23rd 2010 07:03
I use Facebook a fair amount, though possibly not as much as I did when I first got involved in it. (I read somewhere today that in general guys tended to take up social media quickly, outnumbering women 2 to 1, but now things have reversed: the women have come on board, but the guys are moving on.)
It may be that I don't use the apps on Facebook to any extent - I got sick of being told that this or that app would need to take lots of my personal
information in order to work properly. Consequently, this may be the reason why I had no idea that Facebook has credits - and these can be purchase through the site. Furthermore, Facebook is now working towards using these credits as a kind of monetary exchange, as far as I understand. A bit like PayPal, perhaps, but on a different level. (PayPal, once it got over its joint pain treatment - you might call it - of its early days, now seems to function very well as a money exchange for the Net.)
I'm not convinced enough that Facebook is 'tight' enough in the money sense to entrust my cash with....not yet anyway.
Here's a quote from an article - by Audrey Watters - on the subject: Facebook CEO Mark Zuckerberg announced that Credits would soon role out to the whole network. Credits allows users to purchase virtual currency through Facebook that can be used to purchase virtual goods across multiple applications.
At present the credits program accounts for 'only' $10 million out of Facebook's annual earnings of $700 million. With the changes afoot, that's bound to increase, possibly exponentially. It might be worth keeping an eye on.
It may be that I don't use the apps on Facebook to any extent - I got sick of being told that this or that app would need to take lots of my personal
I'm not convinced enough that Facebook is 'tight' enough in the money sense to entrust my cash with....not yet anyway.
Here's a quote from an article - by Audrey Watters - on the subject: Facebook CEO Mark Zuckerberg announced that Credits would soon role out to the whole network. Credits allows users to purchase virtual currency through Facebook that can be used to purchase virtual goods across multiple applications.
At present the credits program accounts for 'only' $10 million out of Facebook's annual earnings of $700 million. With the changes afoot, that's bound to increase, possibly exponentially. It might be worth keeping an eye on.
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