by socialmediapark on December 8, 2009

Back in July we were the first to post about an impeding Facebook Ads API for agencies and large advertisers. Today, Justin Smith posted the latest documentation of the Facebook Ads API as provided by an unknown source. The service is just as we’d expect given that Facebook’s existing advertising platform uses JSON-encoded methods to generate CPM, CPC, and demographic data. The API methods enabled advertisers to create and modify the following: ad groups, campaigns, and individual ads.
Also included in the latest APIs is the ability to manage start and stop times of campaigns. In other words the API essentially lets partners automate the process of ad management. This means agencies and large ad buyers will be able to develop their own interfaces and even provide their own markups for ad management if they wanted. The primary benefit of the Facebook Ads API is on Facebook’s end however which will have a more efficient way for inventory to move through the system.
The easier that Facebook makes it for advertisers to get ads into the system, the quicker they can increase revenue. Ultimately there’s not much new information since we first wrote about the Facebook Ads API back in July, however you now can view the API methods available to the developers implementing the API. My guess is that the API won’t become mainstream anytime soon as the company is working directly with larger agencies for the time being.
Given the increasing number of variables within the Facebook ad platform, providing an [...]
by socialmediapark on December 8, 2009

wooga, the company behind the popular Brain Buddies application, announced today that they have secured $7.5 million from Balderton Capital as a follow-up to the first round of funding from Holtzbrink Ventures we covered earlier this year. Since August, Brain Buddies has surpassed Playfish’s popular “Who Has The Biggest Brain?” application. With Playfish’s $400 million sale to Electronic Arts earlier this week, it’s not surprising to see additional signs of investor confidence in the social gaming space.
Months after the first round of funding, wooga is still a one game company although they’ll be releasing their second title later this winter. Those social gaming companies that provide high quality experiences for users should continue to have a bright future ahead of them. Playfish’s exit this week illustrated just how large of a space social gaming has become and with the top applications on Facebook continuing to be social games, one would assume that we’ll continue to see growth in this area.
The latest round of funding will be used to hire more employees, including the 14 job openings posted on the company’s website.
This blog is taken from Allfacebook.com by Nick O’Neill