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Zynga Seeks $1 Billion In IPO

Posted by Soulskill on from the that's-a-lot-of-farmville dept.

bizwriter writes "Zynga finally filed its IPO paperwork today, as it wants to raise $1 billion. And while the reports of how well it did were significantly overstated, this is a company that still makes significant revenue and profit. If you thought that LinkedIn's IPO was hyped and hyper, Zynga's going to put that all to shame."

1 of 93 comments (clear)

  1. Re:Though High, Not Even Close to LinkedIn Hype by Anonymous Coward · · Score: 2, Informative

    Actually, as Ars points out in an article today, Zynga relies on Facebook for ~100% of its profit. So, more than just relying on a social network, Zynga relies upon someone else's social network. Moreover, most of Zynga's profit comes from a very small percent of its customers (those who actually pay), making Zynga incredibly unstable. All this is from Zynga's on statement, BTW, not conjecture. Too lazy to post the link, but as I said, its on Ars Technica in summary format or in the first link under "risks" if you wanna look there.