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AppBank launches, offering cash to Facebook app developers
Posted by Brier Dudley
"Making social money" is the tagline for a new Seattle startup that intends to pay people for developing Facebook applications.
AppBank plans to make money by running ads alongside the games, puzzles, surveys and other apps people create for the social networking service, then share the revenue.
Chief Executive Fred Hsu earlier was a co-founder of Oversee.net, a domain asset management company.
The company -- which is self-funded with $450,000 from Hsu and other co-founders -- has been testing its tools with 3,000 app creators that it claims are earning up to $800 per month.
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