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Latest Zynga Inc. Items
Wall Street's recent gloom is laying waste to the hopes of companies planning to raise money from investors.
In its first quarterly update since its sizzling IPO, online professional networking service LinkedIn Corp. reassured investors who have been buying into the hype surrounding a promising crop of Internet companies.
Zynga, the company behind popular Facebook games like "CityVille," is taking that game to China. Since Facebook is blocked in the country, it's partnering instead with local Internet portal Tencent.
Investors set aside housing market doldrums and rushed to grab shares of real estate website Zillow on Wednesday, valuing the company at as much as $1.6 billion.
Zynga, the online game maker behind "FarmVille" and other popular Facebook pastimes, is going public, the latest in a crop of high-valued Internet IPOs expected after LinkedIn Corp. showed that the online networking craze is a hot commodity on Wall Street.
Major video game publisher Electronic Arts Inc. is bringing its popular "The Sims" role-playing game to Facebook.
Flock, a Web browser that was designed for information-sharing as well as surfing, is being discontinued after its development team was bought up by Zynga Inc., the maker of "FarmVille" and other online games.