Google’s move into social is starting to stress out Facebook.
Google has bought fake online money company Jambool for ~$70 million in real money (well $15 million of that is in earnouts). Social Gold is a direct competitor with Facebook Credits for social currency that act as payments to developers and game companies. Just in time, because Google picked up social gaming site Slide last week for $220 million or so.
This looks like the very beginnings of the GoogleMe project to me.
Facebook in Battle Mode:
Finally, the word on the street is that Facebook is in ‘War Mode’ after all of these Google social pickups of late. Peter Ha says that Facebook CEO Mark Zuckerberg bought a neon light that says ‘Lockdown’ for his office door and has his programmers working overtime for the next 60 days making Facebook even better. The office is open on weekends as the company tries to revamp Photos, Groups, and Events.
My question: What’s in two months?