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Facebook To Let App Developers Charge Subscription Fees To Users

Today, Facebook announced that app developers can now charge for subscription feeds, in addition to existing one-time payments, for games and other applications on its site.

Facebook said on its blog on Tuesday that the subscription feature will be available in July. The changes open up a new revenue stream for developers as well as for Facebook, which takes a 30% chunk from all payments on its site.

Facebook is also getting rid of its own credits currency with users' local currency.

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