Facebook Approves $150 Million Application Bailout

Today, Facebook approved a $150 million application bailout. This comes after news of the impending shift to the new design for all users. The new design has damaged the traffic of hundreds if not thousands of applications which once thrived in the Facebook economy. The result? Many application developers are now back on the street looking for development work.

When asked for a comment Mark Zuckerberg said, “We must act quickly, otherwise the pain being felt by the developers could rapidly spread into the rest of the economy.”