myYearbook Hits Run Rate Of $20 Million

mYearbook is a social networking website that has about 20 million members. It is one of the top 30 websites in the U.S. and it has an annual run rate of about $20 million based on revenues from the end of 2009. The numbers were reported by CEO Geoff Cook. The revenue earned is from virtual currency within games built in to the social network. Some of the games include Blind Date, Quiz, and Owned. Currently myYearbook builds game in-house, but they plan to open up their platform to certain developers in a similar manner as Facebook and MySpace. [Mashable]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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