Tencent Technology (Cambe) - According to foreign media reports on September 23rd, Beijing Time, The New York Times published an article today stating that Facebook is currently aggressively promoting its virtual currency system in an effort to add other significant sources of revenue outside of its advertising business and avoid repeating Google's mistake of having overly single source of income. However, Facebook's move also faces some difficulties.
Despite Google's tremendous success, the company is often criticized by outsiders for relying on a "single trick." After 12 years since its establishment, this internet search company is still striving to find new significant sources of revenue to complement its highly profitable text advertisement business.
Facebook, which is determined to seize Google's throne as the king of the internet market, hopes to avoid making the same mistake. Riding the wave of popularity in social networking, Facebook's advertising business is thriving, and the company is also preparing for its "second act": a virtual currency system that could potentially grow into a multi-billion dollar business in the future.