Facebook is to allow app developers to advertise their products on its members' mobile-device news feeds. Everybody knows that the Facebook shares have nearly dropped half their value very recently. Facebook had previously warned that’s its financial health would suffer if it could not find ways to make money out of its mobile users? So what happens now? It invites software developers to sign up to a "beta" test in which they can decide whether to target users of Apple's iOS App Store or Android's Google Play store.
Yesterday saw the launch of the first real-money gambling app for Facebook. Developed by a London-based online gambling operator, the app allows users age 18 and over to play games for cash prizes. This game is only available to UK Facebook users.
Zynga the websites largest gaming partner has also said that is plans to introduce real money gambling versions of its games next year.
The social network normally takes a 30% cut of the transactions but refuses to confirm that is the case regarding this game, stating that it is “commercially sensitive information”