News for hackers. Stuff that matters.

A comment on FB down 8% at opening. Parent comment

Re:FB down 8% at opening by sanxiyn on Monday May 21, 2012 @01:05PM (#4003763)
Virtual goods. It is a proven revenue model for social networks.

http://venturebeat.com/2009/03/19/the-worlds-most-lucrative-...

[ Parent | on HN ]
Re:FB down 8% at opening by marshray on Monday May 21, 2012 @04:53PM (#4004870)
The link is from 2009, the title is "The world's most lucrative social network? China's Tencent beats $1 billion revenue mark".

That doesn't sound to me like a "proven revenue model" to support a $104B company with exponential growth.

[ Parent | on HN ]
Re:FB down 8% at opening by duskwuff on Monday May 21, 2012 @03:18PM (#4004409)
Soo... Facebook Gold? ;)
[ Parent | on HN ]