
One of the few bright spots in Facebook’s last quarterly report was a modest increase in how much money the company makes from payments (as opposed to the company’s primary source of revenue, advertising). Payments were up about 15% from a year ago, mostly due to Facebook Credits purchased to play games on Facebook. Historically, Zynga has represented the bulk of that revenue. You would expect that, as Zynga’s fortunes have declined , Facebook would see a corresponding hit in games revenue. But that hasn’t happened, notes entrepreneur and part-time Facebook analyst Jon Milani , who dug into Facebook’s latest quarterly report Read more... Read more »