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Investors Dumping Social Networking Stocks En Masse

Investors appear to be souring on social networking shares, a development which bodes ill for the eventual IPOs for Facebook, Twitter and other players in the industry. Perhaps unnerved by the lackluster reception for Zynga shares, the sector took a pounding in Monday's trading.

Zynga Declines in Trading Debut After $1B IPO

Zynga Inc., the largest maker of games for Facebook, declined in its first day of trading after raising $1 billion in an initial public offering that gave it a greater valuation than rival Electronic Arts Inc. The shares, listed on the Nasdaq Stock Market under the symbol ZNGA, fell 5 percent to $9.50. The developer of games such as “CityVille,” “FarmVille” and “Mafia Wars” sold 100 million shares for $10 each, the top end of a proposed range.

Online game maker Zynga prices IPO at $10 a share

Zynga is poised to harvest some cold hard cash in its initial public offering. Who knew that selling virtual cows and digital corn on Facebook would create a $7 billion company?

Senh: I have to say, I'm impressed. I didn't think anyone would pay for virtual items, but Zynga made that happen. $7B is not bad for a company that just makes Facebook apps.

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Zynga to Set IPO Price Today

Social games maker Zynga is preparing to set a final initial public offering price on Thursday, a day before it begins trading on the stock market, in what is shaping up to be the biggest U.S. Internet IPO since Google.

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It's game on for Zynga initial public offering

Zynga is expected to price its shares on December 15 in one of the most highly anticipated IPOs of the year. The IPO is expected to value the fast growing social gaming company at around $10bn, below some earlier estimates of as much as $20bn.

With Zynga IPO Looming, CEO Mark Pincus Wants Employees To Return Stock

Zynga CEO Mark Pincus wants some of the online game company's early employees to give back stock they own ahead of the company's initial public offering of stock, according to a published report Thursday. The Wall Street Journal said that Pincus, who gave out stock freely to keep top talent early on, developed "giver's remorse."

Senh: There's nothing much you can do about that. They got in early and contributed when it counted most. It's not fair to current employees of Zynga, but they're also not risking as much as the early group of people.

Compared to Zynga, Groupon is run by a bunch of clowns

Compared to Groupon, which has enormous administrative costs and is hemorrhaging a lot of money, Zynga is a ruthlessly-run, well-oiled machine.

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Zynga files for IPO of up to $1 billion

Zynga Inc filed paperwork for an initial public offering on Friday, the latest in a series of hot social media companies to seek capital in the U.S. public markets.

Senh: It seems like now's the time to do it while the market's still hot. Facebook is finally bleeding users, so social media is finally slowing down. These companies are still way over-priced when you compare each of their revenue with their valuation. I just hope the social media hype doesn't lead to another bubble. So far, it looks it will.

FarmVille’s Parent Company Valued at $1 Billion?

While some of us might be willing to pay to make Facebook games like FarmVille and Mafia Wars go away, it appears that Wall Street has other ideas.

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