Facebook is looking to generate significant advertising revenue outside of the gaming market, and if it does, it could be a huge boon to the social media giant, according to
Reuters.GOOG) for advertising dollars, as users continue to spend more time on Facebook. Google recently announced a
GOOG)">management shakeup,
which some are speculating that Google sees Facebook as a major threat for its advertising dollars.
There has been no talk of using Facebook Credits, which the company developed for virtual goods as a real life means of payment, but that doesn't mean it can't.
The company has been extremely profitable over its life, which is a major reason why Goldman Sachs (NYSE:
GS) invested in the company, at a
$50 billion valuation. The Goldman deal has brought on a lot of scrutiny to the social networking site, as the SEC is looking into whether
Facebook has to go public, due to the number of investors it has.
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