Would it have been too painful to go out at a fair valuation (let's say half of what they say they're worth) and raise something like $500 million?
Everyone is chasing that $1 billion mark as the only marker of success. As though anything less makes you a loser (thank you "Social Network" for helping perpetuate this mania).
http://mankabros.com/blogs/onmedea/2011/08/03/onmedea-raises-50-at-a-1-billion-valuation/
Zynga has built up a solid fanbase and a solid company but greed will bring them down. And now that fremium games are beginning to flatline - it's going to be months, not years. I pity the long-term investor.
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