After Facebook's IPO, Payments Business Is Poised For Major Growth

[ayodele]

In April 2010, Facebook's Mark Zuckerberg formally announced its Facebook Credits payments system at its f8 developer event. Zuckerberg downplayed the revenue potential for Facebook. In response to a question, Zuckerberg emphasized that generating revenue from Credits wasn't the immediate goal, it was mainly to help developers and users. "We're doing this primarily for developers, not primarily for us anytime soon." Well, things have changed.