Subscription Fees Coming to Facebook Apps
Facebook is always evolving. They recently acquired a facial recognition technology company and introduced an iPhone camera application as well. But after the mixed performance of their IPO, it seems that they are now going to bunker down and beef up monetization.
In a statement on their developer blog, Facebook has announced that app makers will be able to charge users a subscription fee. This is in addition to the one-time payment model which already exists. It is important to note that Facebook will be taking a 30 percent cut of all payments. Subscription fees should go live in July.
The move obviously makes Facebook more attractive as a platform to developers, and will help bring in revenues for app makers too.