Zynga Files For Ipo Of Up To $1 Billion

Zynga files for IPO of up to $1 billion

NEW YORK (Reuters) - Zynga Inc filed paperwork for an initial public offering on Friday, the latest in a series of hot social media companies to seek capital in the U.S. public markets.

Senh: It seems like now's the time to do it while the market's still hot. Facebook is finally bleeding users, so social media is finally slowing down. These companies are still way over-priced when you compare each of their revenue with their valuation. I just hope the social media hype doesn't lead to another bubble. So far, it looks it will.

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