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iPhone has the App Store, through iTunes, and is already demonstrating that people will pay money to install those apps on their phones. Facebook apps plan to make money how exactly?

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Some Facebook apps are making a killing. There are a number of ways to monetize other than low paying cpc ads.

The "killing" that they are making is by running ads for OTHER Facebook apps. Isn't that just passing the VC around?

Blackmail? Haha...wait...that's not a bad idea.

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