Toronto, ON Canada (PressExposure) January 06, 2012 -- Platinum Account Group is eagerly awaiting as the San Francisco company Zynga moves ahead with an offering that could rake in more than $1 billion. The key aspect that sets them apart from other young Web companies such as Groupon Inc., LinkedIn, and Pandora, is that Zynga is profitable. The company makes money by selling virtual goods in its popular Facebook games such as FarmVille, Mafia Wars, and Words with Friends.
Watching young web companies going public hasn't stopped other high-tech firms in trendy industries from rushing to go public before the end of the year. Cloud computing company Jive Software (JIVE) went public Tuesday and gained 25% on its first day.
Platinum Account Group knows Zynga faces risks because it's highly dependent on Facebook, whose users account for 94% of Zynga's revenue. Others speculate that Zynga growth is slowing, but as they are already profiting it's possible they will expand their business into new territories and computing platforms.
- About Platinum Account Group -
Platinum Account Group is a financial services venture capital firm offering strategic advice, venture assistance, and capital to visionary entrepreneurs to help drive growth and success for their ground breaking products. To learn more about and of the available partnership opportunities with Platinum Account Group, visit [http://www.platinumaccountgroup.com/]
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