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Zynga IPO Could Happen in June: Company Worth $10 Billion

Written by:
Aaron Goldstein
Published on:
May/27/2011
Zynga IPO

The popular social gaming and poker company Zynga is expected to file for an IPO some time in June, though most of the speculation is focusing on the later part of the month. 

The company is said to be worth $10 billion, which puts it one billion above the LinkedIn IPO over this past week. 

The Zynga IPO is expected to be backed by Goldman Sachs, Morgan Stanley and more. 

Zynga has purchased 14 companies in the last 12 months.  While its free Texas Hold’em poker game is among the most popular on the Net, Zynga is also features such phenoms as Cityville and Farmville, which boast 90 million and 45 million users, respectively. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

Cryptocurrency Trader Charged With Fraudulent Scheme Involving Over $5 Million

AUDREY STRAUSS, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a Complaint in Manhattan federal court charging JEREMY SPENCE, a/k/a “Coin Signals,” a cryptocurrency trader who solicited funds for various cryptocurrency funds that he operated, with commodities fraud and wire fraud offenses.

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low

Bitcoin Hits $38,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.

PayPal Backs Crypto Tax Startup Taxbit

PayPal Backs Crypto Tax Startup Taxbit

PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.

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