THE BLOG

Can Facebook Be Saved?

07/04/2009 05:12 am ET | Updated May 25, 2011

I would like you to tell me if you know what this means:

The long-rumored payments system, which is in its early stages, will allow users to purchase Facebook 'credits,' then use those credits to buy virtual goods from the third-party applications that run on the site, or from Facebook itself.

This, according to the Financial Times, is one of the ways Facebook plans to make money. It may be that this quagmire of language came about because they have bad writers at the Financial Times, but more likely it is because Facebook itself is in the swamp of a sinking business model.

Continue reading on newser.com

YOU MAY LIKE