Why the iLike Facebook application is worth $287 million

logbook.jpgStill think Facebook applications are just novelty widgets with no intrinsic value? Think again. A developer has just sold on eBay his Logbook application (pictured), which lets people catalogue their music, films and books and make money from Amazon sales.

The winning bid was £2,550, which doesn’t sound like much until you have a look at the application’s page on Facebook, and see it’s only got seven active users. That’s $364 per user, in other words.

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Stuart DredgeWhy the iLike Facebook application is worth $287 million

iLike now includes UK, Ireland, Australian music concerts

Facebook-storming music application iLike has announced that they've broken out of North American, and are now providing more international concert coverage, specifically in the UK, Ireland, and Australia. All Ticketmaster concerts are now imported into the system, and on Facebook,…

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Andy MerrettiLike now includes UK, Ireland, Australian music concerts

Facebook application iLike poses threat to MySpace

facebook-ilike.jpg Someone get Rupert Murdoch on the phone quick-smart! It appears that the Facebook application iLike has surpassed MySpace in regards to the number of fans/friends individual musicians have.

By far the most popular application on the social-networking site, iLike has eight million users on Facebook, with about 10% of that number using the application each day. Artists such as Kayne West and Nickelback reportedly have a vast…

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Katherine HannafordFacebook application iLike poses threat to MySpace