Zynga Nears Funding, $10 Bil Valuation
To date, Zynga has already raised over $500 million from a host of investors as its explosive growth in social gaming has proven irresistible. However, Zynga's long term success isn't written in stone. "Some worry about Zynga's reliance on Facebook, as well as its sharing some of its revenue." That said, sources say the company's sales of virtual goods and advertising is closing in on $1 billion and more annually.