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Ready For Another DotCom Boom
Posted 2/16/11 : Internet social gaming sites soar in value
Interesting company valuation and IPO numbers surfaced in the US media this week as social gaming sites made the headlines in merger talks and general reportage.
San Francisco-based Zynga, a generator of internet social games that include a hugely successful poker offering, has been valued at $9 billion amid talks with potential investors last week to raise $250 million. The valuation represents an astonishing rise of over 100 percent since April, when the company was pegged at $4 billion.
Facebook is now worth an impressive $50 billion, based on its latest round of funding from Goldman Sachs, and AOL's $315 million offer to buy the news site Huffington Post caused ripples throughout the online media.
The internet radio news company Pandora is planning an initial public offering that has the potential to raise $100 million according to a regulatory filing late Friday, reported by MarketWatch.com. Pandora announced that in spite of mustering $90 million in revenue during a total of nine months ending October 31 last year; it had a net loss of $328,000 in the period. The net loss applicable to common stockholders of the company was $7.1 million, according to the filing.
Late January, the business social network LinkedIn filed for an initial public offering looking to raise $175 million, offering the first public glimpse into the finances of the seven-year-old Web company, which turned a profit of $10.1 million on revenue of $161 million in the first nine months of 2010, according to documents filed to the Securities and Exchange Commission.
In the past the company has raised more than $100 million in venture capital funding from big names including Goldman Sachs (GS, Fortune 500), McGraw-Hill, Sequoia Capital, Bain Capital and Greylock Partners.
The company isn't hurting for cash: It's currently sitting on a stash of $89.6 million.
Gambling News :
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
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