Facebook Could Make $250M From Virtual Goods Next Year (via GigaOM)

Facebook profile shown in 2007.

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There is real money to be made in virtual goods. While those of us that do not play Farmville or Mafia wars may shake our heads, never doubt the power of this marketplace.

Facebook Could Make $250M From Virtual Goods Next Year The American market for virtual goods will grow 31 percent to $2.1 billion in 2011, according to a new report from Inside Network. A huge driver of recent growth has been the social games sector, which “came out of nowhere” as co-author Charles Hudson put it. He said that virtual goods sold in social games are set to account for 40 percent of the market, or about $840 million in 2011, and that Facebook is responsible for “pretty much all of socia … Read More

via GigaOM

Filed under: Virtual Goods Tagged: Facebook, FarmVille, Games, GigaOM, Market, United States, Virtual good
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