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Published on TechCrunch at 4:28 AM

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It's Official. Facebook Is Running A Protection Racket On App Developers

Earlier today Facebook released details on its new Verified App Program for third party developers.

Basically, application developers (there are 48,000 applications on Facebook today) can apply to become a Verified App. If they pass they get a badge and special placement in the Application directory, plus increased communication limits with users, increased visibility in the news feed and some free advertising credits...

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