How to make money on Facebook: No one knows
On Monday at the Graphing Social Patterns conference, I moderated a panel about making money from Facebook apps, with Giles Goodwin of Widgetbox, Hooman Radfar of Clearspring, and Jeff Nolan of Newsgator. It's a complicated question, especially for companies that have existing Web-based businesses. When do you start work on a Facebook app? Will a Facebook product cannibalize your other Web products? Can an online business survive on Facebook exclusively?
The panel agreed on just about nothing, which is indicative of a market in a very early stage of development. My favorite issue came from an audience question. John Furrier … Read more