Anyone who thinks games aren’t big business, think again. Zynga today (July 1, 2011) filed for a $1 BILLION dollar IPO! Unlike many of its fellow much-buzzed-about Web upstarts, Zynga is solidly profitable. In 2010, the company had a $90.6 million profit on sales of $597 million, according to its SEC filing. In the first three months of 2011, Zynga earned $11.8 million on sales of $235.4 million.
Zynga said it has 60 million daily active users, who collectively spend 2 billion minutes each day playing its games.
Read more at CNN Money.