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Virtual goods posts

Facebook Links with PayPal for Virtual Goods Boom

Posted Feb 19th 2010 12:30PM by Tom Taulli (RSS feed)
Filed under: Competitive Strategy, eBay (EBAY)

For more than ten years, eBay's (EBAY) PayPal has made a fortune by having a singular focus on making it easier for people to send and receive money online. In fact, it is now grown into a global platform, which can transact in 24 currencies across 190 markets across the world.

But the payments market is undergoing another trend; that is, becoming an integral part of social networks. So this week, PayPal announced a deal to provide payment services to Facebook's massive user base, which now stands at 400 million.

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Facebook Sparks the $3.6 Billion Virtual Goods Space

Posted Feb 4th 2010 3:00PM by Tom Taulli (RSS feed)
Filed under: eBay (EBAY), Next Big Thing

It seems kind of strange, but the market for virtual goods has become red-hot. Basically, these are nothing more than digital footprints, such as cool graphics used as gifts on a social network or even weapons in online games.

So how big is this market? According to Atul Bagga, an analyst at ThinkEquity, the market is expected to double this year to $1.6 billion. And by 2012, the market may reach $3.6 billion.

Continue reading Facebook Sparks the $3.6 Billion Virtual Goods Space