Check this story culled from fortune.com
Google+ (GOOG) launched in June with an innovative group video chat dubbed Hangout. One week later, Facebook announced a video chat feature of its own in cooperation with Microsoft’s (MSFT) Skype. Last week, Google announced that games like Zynga Poker and Angry Birds would find a home on Google+. A day later, Facebook unveiled a slew of improvements to its games platform, including a newsfeed-like live ticker with game updates and higher-resolution gaming.
If it wasn’t clear before, it is now: Facebook chief Mark Zuckerberg is paying very close attention.
At an event last week, Facebook director of game partnerships Sean Ryan had some choice words for his new competitor. “Google has emulated aspects of our system, which is what they have the right to do,” he said. “We just need to be better.” He’s referring to the way the companies make money from casual online games like Farmville and Words With Friends. Players pay for play time or virtual goods within the games, and the social networks take a cut of the sales. Currently, Facebook reportedly takes 30% from game developers, whereas Google takes just 5%.
With an estimated 25 million registered users, Google+ has a long way to go before it catches up to Facebook’s 750 million users. What’s clear is that both companies are likely to continue watching each other’s moves closely.
Read the full story @ http://tech.fortune.cnn.com/2011/08/16/facebook-google-has-no-users/