Report Says Facebook Gifts Is Struggling With Poor Sales And Revenue

A billion dollar business? Guess not. Despite lofty projections for Facebook Gifts from analysts, reporters, and me, a new report picks apart public statements from the company to suggest it earned a maximum of $1 million in Q4 2012 revenue on Gifts, and maybe a lot less. Sure, it's early days, but Facebook may need to look elsewhere for a bottom line game changer.

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