FORTUNE -- I heard a new expression today: F-commerce. The "F" is for Facebook, and it refers to transactions that happen in that alternative universe that isn't merely the web, isn't specifically mobile and most definitely is not a physical store. Rather, it's commerce on that friendly service that is crowding out every other so-called platform for digital communications.
The earliest manifestation of F-commerce was Zynga, the "social" gaming company. Zynga is social in that its relatively primitive games are free and happen mostly on Facebook. The money comes from the bizarrely counterintuitive yet incredibly lucrative transactions involving virtual currency: the purchase of goods and services that only work in the game. When Zynga files its widely anticipated IPO documents, the world will see just how much money can be made on the F-platform. More
Fortune's curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.
"Legacy is a stupid thing! I don't want a legacy. ... I like what I'm doing now to my old job. I worked with a lot of smart people; some things went well, some didn't go so well. But when you see how what we did ended MOREJP Mangalindan, Writer - Jun 13, 2011 10:27 AM ET
Perhaps it is time to update the phrase "The pen is mightier than the sword" to "The Internet is mightier than dictators."
By Othman Laraki, contributor
While the above statement is made tongue-in-cheek, it is undeniable that we are living through a time of accelerated change. Suddenly, we are witnessing decades-long regimes being challenged by oppressed populations. It is not entirely clear what has changed, but the advent of the Social Internet seems MOREMar 17, 2011 11:05 AM ET
A year later, with new funding on the way, Formspring.me continues to expand its base of both users and skeptics. In many cases, those are the same people.
By Daniel Roberts, reporter
Formspring, the Q&A site that allows users to ask each other questions anonymously, just celebrated its one-year anniversary in November. You may not know much about it, but among a certain set of young web surfers, it's got an MOREDec 29, 2010 12:49 PM ET
Facebook's "Groups" refresh takes a slide from one participant in Fortune's privacy redesign bake-off.
When Facebook Groups launches, users will have more control over privacy and sharing with the ability to grant subcircles of friends customized access to post updates and media without the need for friends' approval or confirmation.
Privacy issues aside, we applaud Facebook for giving its hundreds of millions of users these new features. But if eagle-eyed Fortune readers MOREJP Mangalindan, Writer - Oct 11, 2010 1:01 PM ET
|Don't fight it. Bitcoin has a bright future|
|"The Hobbit" dispute sparks lawsuit|
|Five things you didn't know about Bernie Madoff's epic scam|
|China's bad debt breaks Hong Kong IPO logjam|
|Teen millionaire helping Yahoo become cool again|