A few weeks ago research analysts claim Zynga’s stock was a bit on the quite side of things. Fast-forward to today and we see their stock has more than doubled and is now up more than twenty six percent.
Analysts predicted Zynga’s stock would be no more than ten dollars. The stock is now anticipated to close this evening at nearly fourteen dollars.
Zynga collects almost ninety percent of revenue from Facebook. Facebook will than collect thirty percent through sales of virtual goods on games like Farmville and City Ville.
Without Facebook, Zynga would be close to nothing and their annual income would be more than three fourths of what it currently is today. Zynga thus uses Facebook advertising to bring in potential customers daily.