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July 1, 2011 08:12 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-WHMcOp2Gec/
Social Gaming Giant Zynga Files For $1 Billion IPO
Zynga has just filed its S-1 with the SEC, indicating that the company plans to go public. According to the filing, Zynga aims to raise as much as $1 billion, but this could be a place holder amount. UpdatingAccording to the filing Zynga has 60 million daily active users in 138 countries. 38,000 virtual items are created every second and game players spend 2 billion minutes a day on Zynga games. The company had $597 million in revenue in 2010, and posted revenue of $235 million in the first quarter of 2011.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-WHMcOp2Gec/
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