So, finally Facebook and Zynga are going to party together?
Well, Zynga had filed for an IPO some time back. It is now speculated that its valuation would be close to $10 billion post IPO. This puts Zynga's valuation at 10 per cent of what Facebook could muster, $100 Billion, according to this report. Facebook estimates are just that estimates. Pundits put the Facebook offering at $10 Billion which places it in the league of largest Tech IPO offerings.
Why is this piece full of er.. and buts. Because we do not yet know for sure when will Facebook really go for it.
If Facebook does go in December or early 2012 then will it put the pressure on Twitter? The microblogger has redefined the web as much as any of the other Internet players starting with Google, Facebook and of course Yahoo.
The biggest point going against Twitter is that it still hasn't found a way to make money. Its founder Jack Dorsey is quoted in a report saying: " The business model is focused around serendipity." Well, we need to look at Twitter in a separate discussion. For now it suffices to say that the company with an estimated valuation of about $8 billion in private investment circles will face more pressure to go public.
Coming back to Zynga, a Wall Stree Journal report says that the company has acquired its trading symbols -- ZNGA -- from Nasdaq where it will be listed. Zynga which got famous with its FarmVille and helped millions of users worldwide to satiate their pastural thirst, has its umbilical chord attached to Facebook though. So a successful Facebook IPO means Zynga too will thrive.
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