Techno-News Blog

April 18, 2011

How can social networks make money?

Filed under: Uncategorized — admin @ 12:16 am

By LJ Rich, BBC Click

With social networks now big business, what can the companies do to turn free services into hard cash? Over the past month, US Facebook users have been enjoying a selection of Warner Bros blockbusters streamed through the site in exchange for about $4 (£2.45) in Facebook credits. Facebook takes a 30% cut of each credit spent, much like Apple and its app store. There are over 400 apps and games where the site’s 500 million users can go on a social spending spree.

http://news.bbc.co.uk/2/hi/programmes/click_online/9457946.stm

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