Hold off on buying dog food, Zynga pushes back IPO

Business Insider is reporting that Zynga which has had its profits level off, as well as its user base dropped finally returned to profitability last quarter will not go public till after the holiday weekend. With their revenue boasting a an 80% rise year over year to a remarkable $307 million. 227 million users in June they are the largest Social gaming company followed by EA in second. Reports where originally of a possible 2012 launch but seeing how the markets have calmed down from what they where before and Groupon not tanking when going public has giving the higher ups at Zynga some optimism.

Source: Business Insider

 

 

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