http://news.cnet.com/8301-13577_3-10248017-36.html?tag=newsLeadStoriesArea.1
What hasn’t Facebook done? When Mark Zukenburg created Facebook in his Harvard dorm with friends, I don’t think he knew how big Facebook would become. And now that Facebook is a huge success and makes a huge profit for not only him but advertisement agencies, more people want to make more money and are creating new ideas for Facebook (Mark Zuckerberg 1).
So, what’s next for Facebook? Well now instead of Facebook having “Gifts” to give to your friends now they are “credits”. And not only are the credits away to buy gifts, they also have promotional items as well. David Swain, a spokesperson for Facebook said "We think enabling developers to accept these credits as a form of payment has the potential to create exciting new use cases for users and developers.” Shifting strategies to a virtual goods platform seems to a good move on Facebook's part and its platform has changed and matured immensely. This new and improved virtual currency seems to not only be good for Facebook but as well as for the app developers because they are getting money without even given Facebook any.
Nevertheless, the virtual currency is a good way to reach the globe because Facebook is now not only connecting millions of Americans but connecting many people overseas. This new virtual currency deals with the issue of currency in other countries. “Now by accumulating as little as 10 credits, you can buy a gift to add more significance to a friend’s birthday, celebrate a special occasion or simply have fun,” Facebook says (“Facebook to Adjust” 1).
I believe that Facebook will be able to succeed in virtual currency as long as privacy is protected. I think that this will better for connecting overseas with the United States and allowing people to give each other gifts in a more sophisticated way. I believe that Facebook is a very creative way to keep our society connected with one another using creative and beneficial ideas.
References:
Mark Zuckerberg. 27 May 2009. 31 May 2009 http://en.wikipedia.org/wiki/Mark_Zuckerberg.
"Facebook to Adjust Exchange Rate for Facebook Credits." Inside Facebook. 22 May 2009. 31 May 2009
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