App.net | GIZMODO.cz

We've all seen those "OMG! Don't make us pay for Facebook" fake petitions, but App.net and The Social Network raise questions about how our social services raise their moolah. Tencent's Sophia Ong has revealed that it's in the unique position of having users happy to pay for services that we take for granted. While signups for QZone (Facebook equivalent) is free, users have to use QBs, the site's virtual currency, to buy and clothe their avatars. While 1 QB = 1 yuan ($0.16), there are 30 million paying customers on the site -- meaning that the company can count on around $50 million in monthly payments. It's not stopping there either, sensing a slowdown in the local economy, the company has an eye on opening up its eCommerce platform to ensure it can continue to rake in the cash.

Filed under: Internet

Tencent reveals how it gets users to pay for its service originally appeared on Engadget on Tue, 14 Aug 2012 09:48:00 EDT. Please see our terms for use of feeds.

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Paid Twitter-style service App.net has achieved its self-imposed $500,000 funding goal with almost two days still left on the clock. The social platform is the brainchild of Dalton Caldwell, who said he wanted to spawn a service dedicated to users instead of advertisers. It was originally pitched to Facebook, but the two companies came to loggerheads when it clashed with the social network's own App Center -- inspiring Caldwell's Kickstarter-style campaign. Though the software is still in alpha, over 10,000 backers have paid $50 for an annual membership or put down $1,000 for support, developer tools and a meeting with the founder. The company will now start working on its terms of service, letting users offer feedback and discover new features -- and if you wanna be @John instead of @JohnFDoe99427 on the new service, you may want to pony up, quick.

Filed under: Internet, Software

Paid Twitter wannabe App.net hits $500K target with time to spare originally appeared on Engadget on Mon, 13 Aug 2012 09:31:00 EDT. Please see our terms for use of feeds.

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