hot  /  reviews  /  video  /  blogs  /  forum

Zynga pulls in $1 billion with its $10 shares

1:30 PM on 12.16.2011 // Dale North
  @DaleNorth

Holy f*cking Farmville. Zynga, makers of all those silly games on Facebook that you don't play, have managed to raise $1 billion by offering up 100 shares at $10 in its public offering. It starts trading today on the Nasdaq, symbol name ZNGA.

To give you some idea of how crazy huge that is, Google's 2004 initial public offering brought in $1.9 billion. Zynga's is the biggest offering since Google, says Bloomberg.

Welcome gaming's new monster company. Let's see if they can move from browser games and friends list spam into something a bit more substantial. And maybe they can use that cash to buy a better logo.


 Reblog (or) Blog Reply



Dale North, Former Dtoid EIC
 Follow Blog + disclosure DaleNorth Tips
I am Destructoid's Editor-In-Chief. I love corgis. I make music. more   |   staff directory

Get more destructoid:   We're indie-run, blogging for the love of it, and our site will always be free. Optionally, you can support us and get: (1) Faster pages from our cloud server (3) Wide(r)screen (3) No big ads on Dtoid, Japanator, Tomopop, or Flixist (4) Auto contest entries, and (5) Dibs on betas & downloads. Try it out

 Setup email comments

Unsavory comments? Please report harassment, spam, and hate speech to our moderators, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding *.disqus.com to your whitelists.
advertisement:




Back to Top


We follow moms on   Facebook  and   Twitter
  Light Theme      Dark Theme
What is the meaning of life, and do you have any more pizza rolls?
You may remix all content on this site under Creative Commons with Attribution
- Living the dream, Since 2006 -