The online games provider Zynga, among others, Farmville in charge must
report on its way to the stock market a profit slump. In the second
quarter Zynga played only one, an increase of nearly 1.4 million
dollars, as shown by updated exchange documents. In the first quarter
were approximately $ 14 million at the box office remained. Revenues,
however, was doubled with more than $ 279 million. Trigger for the
profit decline was mainly significantly higher spending on development
and administration.
In the planned initial public offering with a targeted volume of one
billion dollars Zynga firmly holds, despite the weak market. The
probability of the share placement will now be given but with 75 instead
of 80 percent previously.
Given the uncertainty of investors wobble at the moment many planned
IPOs. Shifted so the leading bargain-site Groupon according to media
reports their share placement by several months. Its smaller rival
LivingSocial is now examining a cash infusion of $ 200 million instead
of the targeted billion IPO, the financial news agency Bloomberg
reported on Thursday.
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