Farmville
Zynga filed for an IPO to raise up to $1 billion
By Guest Post at July 2, 2011 | 10:40 am | 0 Comment
Social-gaming juggernaut Zynga filed with the Securities & Exchange Commission for an IPO to raise up to $1 billion. The company behind hit games such as "FarmVille," "CityVille" and "Mafia Wars" earned a profit of $90.6 million on revenue of $597.5 million in 2010, according to its S-1 filing. For the first quarter of 2011, it reported net income of $11.8 million on more...
Is the Online Gaming Sector Driving the Next VC boom?
By Rile at June 8, 2011 | 10:17 am | 0 Comment
Is the Online Gaming Sector Driving the Next VC boom? Amidst all the talk of a bubble in Silicon Valley and sky-high, "irrational" valuations on many of today's hottest startups such as Facebook and Twitter, it may wind up that when venture capitalists are coming off the sidelines, they are putting their money where people are spending the most time online: playing more...
