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AppData reported on Tuesday that Zynga titles topped the Daily Average Users of Facebook. Probably no surprise, but the amount of users is staggering.
Zynga’s CityVille pulled in a whopping 10 million per day while other titles such as Farmville and the free online poker game Texas HoldEm Poker also topped the list.
Zynga is about to launch its Initial Public Offering in the coming weeks.
CNBC reported that a Sterne Agee analyst has placed a "sell" rating on social network game maker before the stock ever begins trading.
“Farmville, the company’s flagship title which helped generate hyper-growth in the past, has peaked and the other titles are coming on line at a much slower pace,” the analyst wrote in a note to clients Tuesday.
“While we believe in the potential for social games, we think Zynga’s growth is slowing even faster than what is obvious at first. Its margins are under pressure, and free cash flow has been declining recently; thus we believe the implied valuation in the IPO is not justified.”
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- Aaron Goldstein, Gambling911.com
