Tuesday, October 30, 2012

Facebook ‘virtual $uit’

Bloomberg reports that Facebook was sued by Kickflip, which does business as Gambit, over claims the social-networking company broke antitrust laws in the virtual-currency market.

Gambit was the leading virtual currency and payment- processing provider to software developers that published games on Facebook and other social networks. Facebook’s decision in 2009 to offer its own services to developers destroyed a “vibrant and competitive market,” lawyers for Kickflip said in court papers made public yesterday in federal court in Wilmington, Del…..

More?  Go to http://www.nypost.com/p/news/business/facebook_virtual_uit_CK64IJeS1vbPu5vBDGCVkL

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