Facebook Must Face Gambit Suit Over Social Game Currency

Facebook Inc. (FB), owner of the world’s most popular social network, must face a lawsuit that accuses the company of breaking antitrust laws in the virtual-currency market.  Kickflip Inc., which does business as Gambit, sued in October 2012, saying Facebook destroyed competition for virtual currency services and payment processing when it began offering services of its own in 2009. Facebook sought to get the suit dismissed, arguing that Kickflip failed to allege an injury. U.S. District Judge Leonard Stark in Wilmington, Delaware, today rejected that request.”

http://www.bloomberg.com/news/2013-09-27/facebook-must-face-gambit-suit-over-social-game-currency.html

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