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Current archive: March 27, 2012
Facebook Has A HUGE Opportunity That People Are Ignoring
Written on:March 27, 2012
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Most of Facebook’s revenue today comes from advertising, but the company is sitting on another huge opportunity: selling virtual and real-world goods through its payment platform. Today, Facebook submitted a third update to its IPO filing. Most of the new info related to legal matters, like the Yahoo patent suit. But there was one interesting business tidbit in there: Payments and other fees revenue increased to $557 million in 2011…
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