False. Facebook is a billion dollar market driven by virtual good sales.

Sorry, should have qualified that. "No one has figured out how to make money on the Internet except by making games that people will pay not to play[1], somehow managing to sell poorly-animated GIFs for a buck as 'birthday presents' [file under thanks-but-no-thanks], or advertising."

Also note that Facebook's only actual revenue stream is ads.

[1] http://mediacommons.futureofthebook.org/content/cultivated-p...

Facebook expects fees from credits transactions to be a significant revenue source.

There is so much data already trapped in Twitter & Facebook services. It is up to those platforms to provide the tools to free it.