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Is the industry here to stay or are they manufacturing fads? Virtual pet rocks?
by AmericanOP 17y ago
Is the industry here to stay or are they manufacturing fads? Virtual pet rocks?
- jagtesh 17y agoIt's definitely here to stay. Take for example Facebook gifts. Priced at just $1, if 35,000 people buy an FB gift everyday (out of 400m and growing), it translates into $1m of additional profit every month. We're talking about massive economies of scale. Whoever gets on the boat now has a chance to enjoy a near monopoly for sometime to come.