MERCURY NEWS -- Sep 2 -- Venture capitalist Jeremy Liew, who
specializes in social networks, predicts that Facebook will make about
$35 million
from its virtaul gift store. That's about 10% of its projected revenue
for
2008, estimated at $300m to $350m. For Facebook, these are gifts that
keep on giving. The more users
who are willing to pay $1 to send digital valentines, birthday or
holiday greetings, the more Facebook is able to collect users' credit
card information and create ''digital wallets.'' "Digital goods work
well when you're trying to get some attention
in a noisy environment," said Liew. FULL ARTICLE @ MERCURY NEWS
Mark Brooks: Hotornot.com did well from virtual gifting also.
This post also appears on SocialNetworkingWatch.
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