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Facebook launches its app store

Facebook launches its app store

Facebook has launched its own app store to promote mobile programs that operate using the social network.

The company said the App Center will become the “new, central place to find great apps like Draw Something” and other titles.

Developers will have the ability to charge a fee for apps sold in the store in the near future, Facebook said.

The announcement came as Facebook admitted growth in mobile use could hurt future advertising revenue.

Ahead of its initial public offering, Facebook told potential investors in a statement: “If users increasingly access Facebook mobile products as a substitute for access through personal computers, and if we are unable to successfully implement monetisation strategies for our mobile users, or if we incur excessive expenses in this effort, our financial performance and ability to grow revenue would be negatively affected.”

Read More/Source: BBC News

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