Facebook sued over social-gaming currency

Kickflip has sued Facebook, claiming the social-networking giant broke antitrust laws in the social gaming currency market, according to a report.
The company, operating as virtual currency and payment-processing provider Gambit, said Facebook’s decision in 2009 to offer its own similar services to developers killed a “vibrant and competitive market,” according to federal court papers examined by Bloomberg.
Such a service allows gaming providers to issue currency to players in exchange for real money or advertising offers.

Kickflip’s complaint says that Facebook marginalized its…

Link: Facebook sued over social-gaming currency

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About The Author

Vinod Rawat

I'm a very patient listener with positive attitude towards work and life. I'm kind of innovative and creative, I keep learning things and try to implement them to the best use possible. Sometimes I love to write a little and share with the world, sometimes I stay busy at work or family. Professionally I'm a Web & Graphic Designer and also a Pro Marketer. I have over 12 years of working experience in Sales & Marketing, Graphic and Web Design. Explored many areas of business. Sometimes I do love to travel.

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