SEC Investigates Zynga's Financials in Last-Minute IPO Talks
Requests more detailed player info
As it gears up for a November IPO, Zynga is holding its final round of talks with the Securities and Exchange Commission to address some last-minute issues. According to the New York Post, the SEC is requesting more detailed financial information to illustrate how, exactly, Zynga makes money off of its social games like FarmVille and Mafia Wars.
In its first public filing, Zynga was vague about its sources of income, saying only that it relies on a small percentage of users for revenue.
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