Facebook Offers Cash Reward for Programs
September 20, 2007 10:00 AM
comment(s) - last by
Social networking giant offers a bounty of up to $250,000 to develop original applications for the site.
Popular social networking service Facebook continued its plan to expand and diversify its online offerings this week by
up to $250,000 (£125,000) to users for developing new creative applications for the site.
Facebook founder Mark Zuckerberg announced the offer at TechCrunch40 conference in San Francisco. The awards will come out of a total account of $10 million financed by Facebook's backers, Accel Capital and the Founder's Foundation.
Facebook currently has over 4,000 small applications that provide services such as simple gaming, user gift exchange and enhanced functionality.
The site claims to have 41 million current users, which suggests that 1% of internet traffic passes through the site.
The awards are to be determined via a panel which includes Zuckerberg, PayPal co-founder Peter Thiel and Accel's Jim Breyer.
Zuckerberg encouraged anyone with an idea to apply, saying, "Any application developer can submit their application and a little business proposal to us."
The only limitation to the funds is the startups cannot have accepted previous venture capital.
While the wild financial and social success of Facebook has made 23 year old Mark Zuckerberg one of the most well known faces on the internet, the same success has led to claims surfacing that
he stole the idea from his Harvard classmates
. There is current pending litigation by
Cameron Winklevoss and Tyler Winklevoss who claim Zuckerberg stole the idea from their website after befriending them.
on some good news for Zuckerberg--the claim has stalled in court as a Judge demanded that the pair present more proof of their claims before the case could proceed.
Despite these recent allegations, Facebook remains a wildly popular place for social congregation on the web. Many will be excited at the opportunity to be able to make some real money by developing their ideas of how to improve their favorite networking website. For some this may be their first real commercial break, much as Facebook was Zuckerberg's big break when he was fresh out of Harvard. Likewise some of these developers may go on to bright futures as Internet designers.
This article is over a month old, voting and posting comments is disabled
RE: Good Idea!
9/20/2007 10:53:42 AM
Yep ... I used to like Facebook ... simple, straight-forward and clean.
Now I log on and I have 200 updates on so much stupid crap I just give up. I don't care if my friend sent me a teddy bear or if he got leyed.
Oh well ... I guess i'm just old fashioned. Now where did I put my crossword puzzle, slide rule and cup of hot cocoa
“Then they pop up and say ‘Hello, surprise! Give us your money or we will shut you down!' Screw them. Seriously, screw them. You can quote me on that.” -- Newegg Chief Legal Officer Lee Cheng referencing patent trolls
Judge Asks for More Proof on Allegations Against Facebook
July 26, 2007, 8:52 AM
Facebook Founder Accused of Stealing Idea for Site
July 24, 2007, 2:01 PM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Instagram Bans "Curvy" From Hashtag Searches, Provokes "Plus Sized" Outrage
July 16, 2015, 1:20 PM
Mozilla Promise Punctual Windows 10 Firefox Release, Teases at iOS Arrival
July 7, 2015, 3:08 PM
Netflix Announces 7-to-1 Stock Split, Eyes Explosive Overseas Growth
June 23, 2015, 8:18 PM
Most Popular Articles
Kentucky Man Faces up to 10 Years in Prison for Shooting Drone Trespasser
August 13, 2015, 2:58 PM
Windows 10 Hits 75 Million Users; Grows Nearly 4x as Fast as Windows 7
August 28, 2015, 10:22 PM
Microsoft's Flagship Windows10 Lumias Rumored to Pack 25 Minute Charge Times
August 31, 2015, 8:13 PM
"KeyRaider" Hits 225,000+ iPhones, Mobile Malware no Longer Just a Droid Thing
September 1, 2015, 11:50 PM
Microsoft Announces $499 Xbox One "ELITE", w/ High-End Controller, Hybrid HDD
August 31, 2015, 3:29 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information