Zynga Revenues Soar to $850 Million in 2010

Zynga, which develops popular games on Facebook, like CityVille and Mafia Wars, is considering raising up to $250 million in new funding, the WSJ reports. That transaction could value the three-year-old start-up at between $7 billion and $9 billion, according to people familiar with the matter. But sources also say its financials are sound, with Zynga earning $400 million in profit on $850 million in revenues last year.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald