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Facebook, Zynga Sign Long-Term Virtual Currency Deal

Despite recent rumors that Facebook and FarmVille developer Zynga were gearing up for a legal battle, the two announced yesterday that they have signed a five-year agreement over how virtual currency will be used. Quoting: "The source of the conflict ... comes down to Facebook's decision to introduce Facebook Credits, an over-arching currency system to be used in all games on its platform. This allows users to purchase just one type of currency for use in Facebook games, rather than buying directly from individual developers — a lack of direct control over its monetization that became a major point of contention for Zynga. Also likely an issue is Facebook's decision to take 30 percent of revenues gathered from credits, with 70 percent allocated to the developers."

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  1. For F***'s Sake by MacGyver2210 · · Score: 0, Flamebait

    Facebook is a black hole of time and productivity. These shitty online games they push, and now want to CHARGE for, may just be the singularity that sucks in and traps those who wander the intertubes aimlessly.

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    If the only way you can accept an assertion is by faith, then you are conceding that it can't be taken on its own merits
  2. Re:Monetize by dlt074 · · Score: 0, Flamebait

    he could just borrow the soap the people at the FED use.

    at least the people on facebook have a choice in using that fiat currency.