FORBES - Jan 23 - In an antitrust lawsuit, Social Ranger LLC claims that Facebook parlayed its dominance of social gaming into an unlawful monopoly. They claim game developers were invited to its social network platform to attract subscribers, telling the developers that they could keep any money earned. When Facebook purportedly saw how much money developers were making, it launched its own virtual currency and service provider and made game developers use it instead of the variety of virtual currencies and service providers available. The social gaming market in the US was valued at over $5B for 2015 - Facebook reported around $200M in revenue from the sector for the Q1 of 2013.
by Peter Geier
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