Facebook Payments Could Shake Things Up
The social networking site forms a promising or "threatening" fiscal subsidiary.
The recent creation of Facebook Payments, Inc., a subsidiary of the company devoted to overseeing payments and transactions, is generating a great deal of speculation regarding future expansion. Formally, it is a division that is:
“organized for the purpose of transacting any or all lawful business,” Facebook officials stated. “As is common in many company structures, we have established a subsidiary called Facebook Payments Inc. that helps handle payments to developers related to our Facebook Credits program.”