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Facebook's AceBucks Bring In $1.5 Million

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As regular readers will know, I’m wary of Facebook applications.  I’m especially wary of ones that require or (in the case of AceBucks) imitate real money.  But the more I think about it, the more it makes sense that Buddy Media, which owns the AceBucks app, has raised $1.5 million.

After all, World of Warcraft and Second Life have set a precedent for successful virtual currencies.  And Michael M. Lazerow, Buddy Media’s CEO, is quick to distance himself from those that haven’t done so well.  “AceBucks is not

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