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are they really? Rovio might be the exception, but how fat are Zynga and FourSquare right now, compared to their debt?
by nhangen 16y ago
are they really? Rovio might be the exception, but how fat are Zynga and FourSquare right now, compared to their debt?
- webwright 16y agoUh, what? Zynga is making $50M per month: http://www.engagedigital.com/2010/05/14/zynga-revenue-estimated-at-50m-per-month/ http://www.engagedigital.com/2010/05/14/zynga-revenue-estima... (they've raised $500M). Foursquare is a bit farther from monetizing... Not sure if I'd bet on them but they would be nowhere without the FB/Twitter platforms under their feet. But they've raised ~$20M on a rumored $100M valuation. That isn't debt. In both cases, the companies sold a small minority stake of ownership for a huge pile of cash into the company coffers.