Facebook may announce it is email service on Monday (15th Nov). It is going to be a baby step comparing to it's loan term goals. Facebook Inc.’s estimated worth is now bigger than EBay Inc.’s valuation. Facebook is the third largest internet business in US. What are the possibilities of introducing Facebook money that could lead to universal online currency?
Facebook has attracted more than 500 million users and nearly half of them use the site every day to post billions of photographs, videos and messages. If it is a country is would be the third largest population.
People's Republic of Chinan2 1,340,630,000
India 1,190,210,000
FaceBook 500,000,000 (1,586,272,554 Total internet users 2008)
United States 310,707,000
As I mentioned before Facebook manage to pass ebay and become the third largest internet business.
Google Inc. $192.9 billion
Amazon.com Inc. $74.4 billion
Facebook Inc. $41 billion
EBay’s $39.3 billion
It all proves that Facebook is in a strong position to influence larger a community. There are rumors that Facebook is going to launch email service that will allow users to have a email account with @facebook.com (Secret project call Titans). It will allow user to share files and communicate with outsiders. It might be a challenge to GMail. However it will add more value to Facebook and will be a better media to take it more and more internet users out there.
Not only email but Facebook may release real time file sharing in near future. They bought drop.io. and they will add similar feature in near future.
Lets come to Facebook money. Is it real or rumor? It is still rumors but already Facebook credits has gone to real world.
"We want Facebook Credits to be the virtual currency on Facebook," said product marketing manager Deborah Liu for the Palo Alto firm.
There are lot of challenges coming up a universal online currency, which includes security, make it easy to use and build the trust.
However, it is clear that Facebook has really big plans for future you will be able to hear exciting news about Facebook.