Social gaming firm Zynga may be worth USD1bn
Social gaming firm Zynga could be worth as much as USD1bn, despite ongoing controversy about the way it makes money.
Zynga Inc., a leading provider of social game services, today announced substantial cost reductions, including a workforce reduction and closure of various office locations that will result in an estimated $70 million to $80 million in pre-tax annualized cash expense savings.