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.