Facebook to Launch App Subscriptions in July

Facebook on Tuesday announced it will soon offer app developers the ability to charge for subscriptions, opening up another revenue stream for the newly public company.

The move, announced on Facebook's Developer Blog, will let makers of apps -- particularly gaming apps -- cultivate another source of recurring income of which Facebook will get a 30% cut. Such subscriptions will be priced in local currency (example: the U.S. dollar or the British pound) rather than in Credits. As Facebook admits in the blog entry, Credits haven't become the standard method of payment since most games on the platform have implemented their own virtual currencies.

Although the program officially starts in…
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