[ATTACH=RIGHT]16532[/ATTACH]Yet [URL="http://techcrunch.com/2010/08/09/google-aquires-jambool-social-gold/"]another target of Google's shopping list has been revealed[/URL], this time [URL="http://www.jambool.com/"]Jambool[/URL], the producer of Social Gold, a payment product that allows developers to build a payment system directly into their applications. The purchase price is a rumored $55 million dollars, with an additional sum on earnout. Founded in 2006, San Francisco-based Jambool is the brainchild of [URL="http://www.crunchbase.com/person/vikas-gupta"]Vikas Gupta[/URL], a former Amazon employee whose creations include the Send Good Karma and Hug Me apps. Jambool's Social Gold provides three APIs: Virtual Currency, with which developers can create virtual currencies for transactions and payments in virtual economies; Payments, which handles …

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Everyone is familiar with social networking sites such as MySpace and Facebook, or virtual world environments like Second Life, but the chances are you have not heard of [URL="http://www.clubpenguin.com"]Club Penguin[/URL] With the acquisition of this virtual world for kids today by the Walt Disney Company, that is all about to change. Daring to be different, and taking the virtual meeting spaces concept to the 6-14 year old age group, Club Penguin has gone from zero to hero in less than two short years, growing to a current subscriber base of some 700,000 paid up members from 12 million activated users. …

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The End.