Facebook Credits System Challenged By Virtual Currency Co.

Law360, New York (October 30, 2012, 7:13 PM EDT) -- Facebook Inc. was hit Friday with an antitrust suit in Delaware federal court, alleging the social network harmed competition in the online currency market by forcing developers to use its Facebook Credits payment system.

The complaint by Kickflip Inc., which does business as Gambit, says the plaintiff had been a leading provider of virtual currency and payment processing services for software companies that developed games to be played on Facebook. But after the social network introduced its own online currency system, known as Facebook Credits, “Gambit’s...
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