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Virtual Currencies are bigger in Facebook than their Ads itself

Head of Facebook european operations, Colm Long, says that virtual currencies in Facebook could become bigger than their ads itself. They have 400 million users and these users spend a lot of time playing games and opening their wallets to get ahead of the game like expanding their farms on Farmville, buying more tanks on Fishville, buying guns on Mafia Wars, etc. Farmville calls this as FV or Farmville Cash, Fishville as Sand Coins, and Mafia Wars as Godfather Points all of which can be bought using real US dollars.

Zynga and Playfish are two heavyweight companies earning millions of dollars through virtual currencies on their games.

In an excerpt:

If anyone was paying attention when Facebook embarked on its recent redesign, on the top right-hand corner where the user’s account information is, there’s a very telling section called ‘Credit Balance’. Facebook is embarking on its own virtual currency.

“There are three constituents on Facebook,” Long said. “Users, advertisers and developers.

“The developers interact with our 400m-strong user base in lots of different ways. The gaming category is absolutely huge on Facebook and is a sure-fire way of building an audience very quickly.

“Look at Zynga and PlayFish – talk about acceleration of growth – their level of acquisition of users and customers is essentially practically impossible on any other platform.

“Think about the idea of virtual currency – billions of dollars are being exchanged on virtual goods. People are buying virtual tractors on Farmville and guns on Mafia Wars like you would not believe.

I agree, I have opened up my wallet a number of times for Zynga games, which I believe is cheaper than spending all my time to level up on the game.

Continue reading here—Facebook could generate more cash from virtual currency than ads, exec says

Facebook plans to open Austin office, get your resumes out there

Job hunting? Or you simply want to work at Facebook?

The social networking leader is planning to open a 200 person office in Austin, Texas where the city government has given a $1.4 million dollar incentive to open up shop there. Texas governor Rick Perry is bent on making Austin, Texas a technology hub and an expansion for Facebook outside of Palo Alto, California is a great start for this vision.

Read the rest of this entry »

Farmville Online Game

If you want more gift items or things to plant, the Farmville Online Game hosted at Farmville.com has a lot more spice than the Facebook Farmville application.

Farmville.com uses the same login you have in Facebook and should be in a larger screen since it utilizes the whole resolution with minimal menus and toolbars.

Go ahead and play Farmville.com.

Why i don’t have Facebook?

Do you have a friend who has not registered in Facebook yet? A family member of mine still stays in Friendster and says she didn’t want to join the bandwagon because she wanted to be unique. What?

I guess Facebook no matter how addictive it is, isn’t for everyone.

Vatican Facebook App

To further improve the communication between Pope Benedict XVI and the people all over the world, Vatican has released a Facebook Application which allows users to send virtual postcards to their friends and follow the Pope’s travel plans via their iPhones.

Go ahead and use the Vatican Facebook App.

Is Facebook safer than myspace?

Facebook has taken a lot of pioneering steps towards data and user privacy and I find more comfort exposing and using my account in Facebook than in MySpace.

I cannot however say that Facebook is Safer than MySpace and safety is also the responsibility of users which is to be careful on updating their profiles, who are the people on their network, and who are the people they interact with on the social network.

Safety on using social networks is the responsibility of social networks and the users as well.

How to hack college Facebook?

I already made a post about Hacking in Facebook, go ahead and read it here – How to Hack Facebook Accounts?

How did Facebook originate?

How did Facebook originate?

Facebook originated from the creativity and technical skills of its creator Mark Zuckerberg. Most people believe he started Facebook while he was on Harvard but an article by ReadWriteWeb says that the origins of Facebook were during the highschool days of Mark Zuckerber at “Phillips Exeter Academy”.

At Phillips Exeter Academy they had a student directory listing which they called “The Facebook”. This listing is similar to a Yearbook and is believed to be the inspiration of Mark on creating Facebook.

You can read about the story here—Facebook Origins.

How to hack Facebook accounts?

How to hack facebook accounts

Seriously? Do you really want to hack facebook accounts. Millions of people love Facebook, and please keep the social network safe so everyone can continue enjoying the network.

Let’s keep Facebook up and running.

List of Schools on Facebook

List of Schools on Facebook

I remember when I first joined Facebook, you needed an email address from either a school or company that is recognized by Facebook before you can join their social networking.

Today, everyone with an email address can join. In case you need to know what are the list of schools on Facebook, I would assume that any school you can list or think of is already on Facebook.

My advise is to search the list of schools from the Department of Education and most likely they are on Facebook, with the exception of schools not on this planet.


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