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This makes no sense @ all. The entire virtual currency market worldwide is 5B. So Zynga is valued at 1.4 times the global annual sale for virtual currency.
by knowsnothing613 16y ago
This makes no sense @ all.
The entire virtual currency market worldwide is 5B.
So Zynga is valued at 1.4 times the global annual sale for virtual currency. One company! That's insane, and makes me question who's still pumping up Zynga on second market.
- electromagnetic 16y agoFrom what I've seen in company valuations is that they (very) generally hit 10x revenue, at least for well established companies. Last I saw Zynga was posting $600 million revenue, which lands Zynga at around $6 billion from the last figures I saw.
- deleted 16y ago[deleted]