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eGaming Society
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Zynga Incorporated went public

Zynga Incorporated, a popular social media and gaming firm announced that they are hoping to raise up to 2 billion dollars after they went public after their initial public offering (IPO).

Zynga, which is based in San Francisco is currently valued at 20 billion dollars after they made an impressive $90 million last year off revenues of almost $600 million and its public debut which was on Friday.

Zynga is not an old company, in fact it was founded in 2007 and up until now it employs more than 2,000 people that are working for 148 million unique users every month in 166 different countries that generated over $1.5 billion in bookings. Zynga are very busy and need to be if they want to keep up with all their users as according to them, their players store more than 38,000 virtual items every second and spend 2 billion minutes a day with it’s service.

Mark Pincus, Zynga’s Chief Executive Officer stated that  “by offering our shares to the public, we hope to enable Zynga to invest more in play than any company in history.”

“To accomplish this, we will continue to make big investments in servers, data centres and other infrastructure so players’ farms, cities, islands, airplanes, triple words and empires can be available on all their devices in an instant. We will also continue to fund the best teams around the world to build the most accessible, social and fun games.”

eGaming Society is a fully comprehensive iGaming Directory and iGaming Job Board for the eGaming Society. Whether you are in the Industry, or a igaming supplier, eGaming Society is an ideal reference for the Gaming Industry.

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