As competition heats up, Airbnb launches free travel credit program
First Airbnb asked us to open our doors to travelers from around the world. Then it beckoned us to stay with other members who had also opened their homes to travelers. But that wasn’t enough. Now Airbnb wants your friends and family to join in too.
In announcing a free travel credit program Tuesday, Airbnb, the fast-growing social marketplace for travel accommodations, is moving to fend off rising competition by enticing loyal member to bring … Continue Reading
How to stop worrying and love Facebook Credits
Shawn Foust is head of the video game industry team at law firm Sheppard Mullin Richter & Hampton LLP.
Facebook Credits are here, and they’re sparking quite a bit of debate. Credits are the virtual currency that Facebook hopes third-party game makers will use so that there’s a single, consistent currency across all the games in the Facebook community. But if you’re going to use Credits, you not only have to pay Facebook a 30 … Continue Reading
Facebook Credits won't contribute to profits for "several years"
Facebook’s emerging virtual currency Credits may look like the cornerstone of a significant new source of profits for the social network, but the virtual currency won’t add to the company’s bottom line for awhile, according to Ethan Beard, director of the Facebook Developer Network.
Beard said the company would reinvest profits from Credits back into the product for “several years” to come.
Facebook has so far stopped short of banning competing virtual currencies, but Beard’s … Continue Reading
