Teen entrepreneur Catherine Cook says myYearbook’s Lunch Money adds up
There’s been a lot of talk about virtual currencies recently, with Facebook reportedly testing a payment system for third-party applications and MySpace considering something similar. Meanwhile, teen social network myYearbook is already making a healthy amount of cash with its virtual currency, dubbed “Lunch Money,” according to co-founder Catherine Cook. The New Hope, Pa., company’s annual revenue is in the eight figures (for the math-challenged: that’s tens of millions of dollars), and about a third… Continue Reading