News Brief
Facebook Game Creator Receives Financing
Apr 28, 2008, 7:30 AM
Serious Business Inc., which makes the popular Facebook social game Friends for Sale, has received $4 million in first-round financing from Lightspeed Venture Partners, according to the blog Inside Facebook.
The game lets people buy and sell friends like commodities with virtual currency. When someone buys you, your value increases. The application has amassed 600,000 active users on Facebook. The viral appeal of game applications on the social network hasn't been lost on venture investors.
Serious Business is the third Facebook game developer to raise a significant round of funding after Zynga and the Social Gaming Network (through parent company Freewebs).
Not all Facebook developers have been as fortunate. Earlier this year, Hasbro reportedly demanded that creators of the popular Scrabulous game on Facebook remove the application because it violated the company's intellectual property rights on Scrabble.
--Mark Walsh
Recent Online Media Daily Articles
-
FTC's Ohlhausen Questions Privacy Recommendations May 21, 6:05 p.m.
The Federal Trade Commission's 2012 privacy recommendations could unintentionally disadvantage smaller online ad companies, Commissioner Maureen ... -
Subway's Comedy Promotes Brand, Content Strategy May 21, 2:43 p.m.
Setting a new bar for brands and their programming aspirations, Subway’s scripted comedy series, "The 4 ... -
Future of Social, Digital Shops In Doubt May 21, 1:48 p.m.
Companies talk a lot about fully integrated marketing strategies. One result may be the demise of ... -
Google+ Needs Android To Climb Out Of Experimental Phase May 20, 9:24 p.m.
Marketers continue to view Google+ as a fledgling network requiring experimentation, although the company released a ... -
AOL, Support.Com Settle Scareware Lawsuit For $8.5 Million May 20, 5:20 p.m.
Web company AOL and software vendor Support.com will pay $8.5 million to settle a lawsuit brought ... -
Gmail Hangouts Disable Google Voice May 20, 3:23 p.m.
Google's new version of Hangouts for Gmail eliminates Google Voice features. The move is frustrating heavy ... -
Digital Boost: Ziff Davis Acquires NetShelter May 20, 3:19 p.m.
Ziff Davis on Monday announced the acquisition of content network NetShelter from ad platform inPowered. Financial ... -
LikeableAds.com Launches, With Focus On Social Media Ads May 20, 3:04 p.m.
To keep up with growing demand from Madison Avenue, the social marketing consultants at Likeable Media ... -
Yahoo To Ramp 'Native' Ads On Tumblr May 20, 1:37 p.m.
With its $1.1 billion acquisition of Tumblr, Yahoo on Monday made clear that it plans to ... -
Gigya Improves Marketing, Adds 21 Social, Tech Partners May 20, 9:15 a.m.
Social services startup Gigya on Monday is expected to announce the addition of 21 social and ...
Be the first to comment on "Facebook Game Creator Receives Financing"
Leave a Comment