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ABI Research: Location-based mobile social networking will generate $3.3 billion in global revenues by 2013

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According to ABI Reseach, the emergence of location-based mobile social networking services such as GyPSii, Pelago and Loopt is revolutionizing social networking and is set to generate $3.3 billion by 2013. However, at the moment it’s not the advertising that generates the revenue for the service providers. Rather it’s licensing and revenue-sharing deals that location-based [...]

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