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Zynga: Building a business around farmville.
The maker of mind numbingly dull online games like Mafia Wars recently disclosed itsprofits fell 95 percent and that active users fell after being flat for a year say a Gawker blogger. I personally don't play Farmville or Mafia wars but an IPO worth $1 billion US sounds ridiculous. Even more alarming is the fact that Zynga is leaving Facebook to launch it's own gaming site. Now that i'd say is bad business decision because it's flagship games became so popular because of Facebook in the first place.