Facebook Plans to Compete with PayPal

No surprise that Facebook developed Credits using a team of former PayPal folks that shows a clear path to allow micropayments on Facebook and compete directly with PayPal. The New York Times recently reported that "Facebook began testing its virtual currency, called Credits, more than a year...

Facebook has $2B Revenue in 2010

As 2010 comes to an end Facebook now reports about $2B in revenue which is amazing for a number of reasons, not the least of which is that Facebook estimated revenue of closer to $1.5B (which was double the 2009 revenue) and not all that long ago Facebook was criticized for not being about to monetize...