API Widget Economy: Social Media Business Podcast
NOVEMBER 3, 2009
Companies that open their business databases and stream that data out, can have an army of hundreds of thousands (mostly) unpaid developers creating Facebook apps, iPhone apps and blog widgets to help sell their products and services. 2005 -140,000 API developers and in 2003 made $480million in one quarter from 3rd party resellers – not all API sales but affiliates are powerful. The “X factor, as PayPal president Scott Thompson, was the developer community.