Zynga did not disappoint analysts, who were expecting it to file for an IPO earlier this summer. With IPO documents filed in July of this year, Zynga plans to raise $1 billion at a valuation of $15 billion to $20 billion. Researcher eMarketer has projected online gaming revenues in the U.S. to grow to $1.1 billion
In June of this year, Groupon filed their S-1, ending speculation about their IPO plans. However, since then, not only has the company been impacted by unfavorable news, but the present volatile market conditions has also raised doubts on the feasibility of an IPO that was expected to raise $750 million at a valuation of $20
A few months ago, I mentioned how I believe Facebook’s valuation of $65 billion was unjustifiable. But the valuation continues to grow. According to recent estimates, the company is now valued at close to $100 billion. Given that Facebook’s revenue model remains largely unchanged, my lack of resonance with such high valuations persists. Many ask at Silicon Valley parties
Declining PC sales have pulled down the quarterly forecasts of all major PC manufacturers, and Dell was no exception. In the recent quarter, Dell’s market share slipped from 23.6% last year to 22.6% this year. The market conditions have recently led to the announcement of HP’s plans to spin off its PC segment, although that
According to recent IDC and Gartner reports, global personal computer shipments in the second quarter increased less than the percentage anticipated because of sluggish economies and a shift toward smartphones and the iPad media tablet. Worldwide PC shipments increased 2.6% compared with 2.9% projected earlier by IDC. While HP remained the market leader in PC
Some analysts believe that growth in the $76 billion Indian outsourcing industry has begun to slow because of Standard & Poor’s downgrade of the U.S. credit rating and the troubled economies in Europe. But this may not be the case. Ignoring the market conditions, the bigger players in the market are all gearing to expand their
According to market estimates,China’s internet population reached 477 million users in March of this year, far ahead of the 239.2 million internet users recorded in the U.S. at the end of 2010. Despite the increased numbers, Internet penetration in the country is at just 40%. In comparison, 78% of the U.S. population has at least
According to travel research firm PhoCusWright Inc., the global travel market is expected to grow from $888 billion last year to $939 billion this year. By region, the U.S. market will grow from $255 billion last year to $271 billion in 2011. Another report by the researcher projects that the online leisure-travel market in the