Friday, September 23, 2011

Zynga profits drop 90-percent, further threatening its IPO status

photo It hasn?t exactly been an ideal march towards the fabled riches of a successful IPO for Zynga, the maker of social networking games like FarmVille and Texas HoldEm Poker. At one time, the company?s proposed IPO was said to put the value of the company at as much as $20 billion. That may have been a bit inflated, but even at $10 billion, no one involved would need to fly economy class anymore.


Source: http://news.yahoo.com/zynga-profits-drop-90-percent-further-threatening-ipo-213204133.html

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