Tuesday, August 10, 2010

Facebook and Google Ready to Battle for the Next Big Revenue Model: Social Payments

Another Piece To Google’s Social Puzzle: To Acquire Jambool For $70 Million

Social Gold gives app developers the ability to build payments directly into their games and other applications. It was founded by Amazon veterans Vikas Gupta and Reza Hussein, and has raised $6 million in funding.

Like other payments companies they’ve been hit very hard by Facebook Credits. Gupta recently went on a bit of a rant about Facebook Credits, in fact.

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