Comments on: Facebook Selling Virtual Gifts at $30-40 Million/Year Rate

By: 4 Reasons Why “Pay With Facebook” Feature Will Work For Facebook » ZiggyTek » Blog

Wed, 01 Jul 2009 16:17:03 +0000

[...] (You know you sent out some yourself). The virtual “gifts” made Facebook a fortune to the tune of over $15 million. And now Google has their sights on making more money off of the virtual [...]

By: 7 Mobile and Micropayment Myths Debunked « daopay Blog

7 Mobile and Micropayment Myths Debunked « daopay Blog — Fri, 19 Jun 2009 14:25:11 +0000

[...] is making an estimated 15-30 million Dollars a year with $1 gifts that they sell on their [...]

By: Facebook Platform Payment Providers Report Strong Growth in Q1

Facebook Platform Payment Providers Report Strong Growth in Q1 — Tue, 14 Apr 2009 20:50:18 +0000

[...] and paid for via credit card in the Facebook Gift Shop. Facebook is rumored to have done between $30-$40 million in virtual gift sales in 2008, and the company has been conducting multiple experiments with [...]

By: Facebook Determined To Make Twice As Much On Gifts This Valentine’s Day | Profy | Internet news and commentary

Thu, 12 Feb 2009 06:50:13 +0000

[...] In February, 2007 the social network introduced virtual gifts – small digital pictures representing some cute objects that can be sent to friends as birthday gifts or on any other occasion. Friends can demonstrate the gifts they have received on their profiles. Some virtual gifts are free to send but there are others, premium gifts, that cost $1 each. Users quickly realized that this low-cost way of expressing warm feelings to someone on a special occasion is something they are prepared to try and pay for – so it is no wonder the business of letting people send $1 gifts to each other reportedly generates $30-40 million a year to Facebook. [...]

By: Facebook Pushing Birthday Virtual Gifts on Profile Pages

Facebook Pushing Birthday Virtual Gifts on Profile Pages — Fri, 09 Jan 2009 10:14:53 +0000

[...] In addition, Facebook launched its own birthday notification service later that month. As we wrote at the time, “While this change also may appear minor at first, it’s a signal that Facebook is seriously eyeing the virtual gifts business.” Adding the gift store to profile pages is another step in that direction. It has been estimated that Facebook’s virtual gifts business ran between $30-$40 million last year. [...]

By: Internet Marketing Watch Tuesday 2 September 2008 | AffiliateDragon.com

Internet Marketing Watch Tuesday 2 September 2008 | AffiliateDragon.com — Mon, 08 Dec 2008 16:49:50 +0000

[...] Justin Smith reports Facebook is earning around $3 million per month selling “virtual gifts”. [Inside Facebook] [...]

By: A Shopping Name for Every Day « marketing bean blog

A Shopping Name for Every Day « marketing bean blog — Mon, 01 Dec 2008 08:41:46 +0000

[...] And it still would be a P.R. coup for Facebook if its corporate communications folks find that person out of the 100 million-plus Facebook members who has made the full switch from the malls or e-tailers — and also makes for an irresistible news media pitch. It couldn’t hurt Facebook’s annual revenue for such “gifts” either. The run rate is pegged at $30 million to $40 million per year. [...]

By: Thoughts From The Cake Scraps » Blog Archive » Virtual Goods And How I Don’t Get Them

Thu, 13 Nov 2008 02:47:19 +0000

[...] Viximo is a purveyor of virtual goods, more commonly called gifts. While I would not say that they are common on Facebook, Facebook is the largest platform that they exist on (to my knowledge). To be fair, while I might not think that they are common, Facebook is counting on it for revenue and not in small amounts. It is estimated at $30 to $40 Million a year. [...]

By: eCommerce expo follow-up « Broadvision

eCommerce expo follow-up « Broadvision — Wed, 12 Nov 2008 09:43:31 +0000

[...] that Facebook make $30 million a year from those stupid “virtual gifts” – more details from Inside Facebook from [...]

By: Inside Facebook » Facebook Exchanges Dollars for Virtual Credits, Eyes Expanding Virtual Gifts Revenues

Sun, 02 Nov 2008 20:05:11 +0000

[...] have been able to send virtual gifts to their friends for $1 each. Now that Facebook is making millions of dollars a month on direct virtual gift sales, the company has decided to change the way it sells gifts to increase [...]