Investors are pumping more and more money into web services that are heavily reliant on Facebook. So how big is the economy around the world’s most popular social network?

…venture capitalists and investment funds putting money into companies that are building web services.But there’s something else going on here. From the swathes of press releases and funding announcements I trawl through each day, it feels to me like we’re hearing much more recently about sites specifically and publicly built using Facebook as a platform. In many cases, they are almost entirely reliant on Facebook to provide their link to users.Now, in part, that’s no surprise: building up an ecosystem around Facebook is something that the company has tried very hard to do with F8 and Facebook Connect - and it’s a smart move, because they know that when lots of people are invested in your success, you are less vulnerable to competitors.But if so many people are pumping into companies that are almost entirely reliant on the world’s largest social networking site, exactly how big is the economy around Facebook? Let’s see if we can work it out.We know from a number of reports and internal estimates that Facebook…

See more here:
How big is the Facebook economy?

Possibly related posts: