Facebook markets in everything

by on April 1, 2008 at 5:32 pm in Economics | Permalink

In November, the duo created Friends for
Sale, now one of Facebook’s most popular games with nearly 700,000
daily players. Users buy, sell and own their friends, as though their
friends were pets or stocks. Owners can control their acquisitions,
forcing them to do or say things, as well as sell them and turn a
profit. Those being bought and sold are also part of the game, going up
and down in value.

The game has become especially popular among Facebook’s crowd of users in their 20s.

Here is much more, for the pointer thanks to Marko Siladin and also Curt Gardner.  I have to admit I don’t really understand how this works, but it sure sounds like a "Markets in Everything" entry.

Ned April 1, 2008 at 6:03 pm

If Tyler Cowen doesn’t understand how this works, it’s not worth understanding.

liberty April 1, 2008 at 8:51 pm

“have to admit I don’t really understand how this works, but it sure sounds like a “Markets in Everything” entry.”

Ha! That made me laugh out loud.

72 km/h April 1, 2008 at 9:21 pm

“Hey! We’re to the movies on Friday. Wanna come?”

“Sorry man, I shorted you on Wednesday. Conflict of interest, y’know.”

Man, the 21st c. is weird.

72 km/h April 1, 2008 at 10:56 pm

Angus,

Your comment is brilliant.

I started something for you and our gracious hosts.

David April 2, 2008 at 3:01 am

Facebook shows that there is a stock market for anything.

We are setting up North America’s first social stock exchange connected to a green social network, called the Green Stock Exchange (GREENSX) at: http://greensx.com, which will be launched in the Summer of 2008 to begin trading. It will trade shares in social businesses. A social business is a business that makes a profit, but benefits society as well. We have a triple bottom line (economic + social + environmental).

Since all the listed companies on the exchange are pre-screened, evaluated, and audited according to social and sustainable guidelines set by the exchange, it will make it much easier for green investors to find and support social businesses. The GREENSX provides opportunities for small green Issuers to access public equity capital efficiently, while providing early stage investors, angel investors, and venture capitalists with greater liquidity.

It is still in the beta stage testing. Check it out at: http://greensx.com.

jb April 2, 2008 at 2:01 pm

I think the proper term is slavery.

cheap zeny January 1, 2009 at 9:22 pm

You will find that the more cheap zeny is very good in our company.

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