FOTOS FACEBOOKERAS

Taking photos for Facebook. Don't understand what they're saying? Learn Spanish.

Can I be your friend?

Grandma Got a Facebook

Mark Zuckerberg "Man of the Year"

Facebook's founder Mark Zuckerberg has been named TIME magazine's Man of the Year. Well, the politically correct heading that they're been cowed into using is, "Person of the Year" but I'm not cowed.

Electronic Arts in 5-year Facebook Credits deal

   From an AP article today, EA has entered into an agreement with Facebook where Facebook Credits becomes the coin of the realm for EA's games on the social network. A snippet from the article follows:

http://finance.yahoo.com/news/Electronic-Arts-in-5year-apf-65280168.html?x=0&.v=1
   Video game publisher Electronic Arts Inc. said Tuesday it signed a five-year deal to make Facebook's virtual currency, Facebook Credits, the sole way to pay for virtual items in its games on the social media website.
   EA said "Pet Society" and "Restaurant City" are two of the top 10 games on Facebook measured by daily active users. The games come from Playfish, which EA bought last year for $275 million. EA's soccer and football games also are playable on the site and it recently launched Monopoly for Facebook.

   Disclosure: J-Sonoma holds a position in shares of EA.

Zynga Valued Higher than Electronic Arts

Mark Pincus, CEO of Zynga

   The maker of Farmville is currently valued higher than Electronic Arts based on trading in privately held shares of Zynga on Sharepost. The difference in market capitalization is approximately $300 million as of of today.

   According to a Bloomberg article today:
   Started by Mark Pincus almost four years ago, Zynga has become one of the fastest-growing technology companies by using Facebook Inc.’s social network to distribute games. It makes money by selling virtual goods, such as vehicles and weapons that help players advance in games. The company has grabbed about a third of that market, which is worth $1.6 billion this year, according to Inside Network in Palo Alto, California.

   So, figure Zynga's revenue for this year is about $530 million and they'll probably net about $100 million in earnings. As a comparison, EA earned $98 million in the quarter ending June 2010 and they're on track to bring in nearly $4 billion in revenue for the entirety of 2010. Zynga's growth prospects allow traders on Sharepost to price the shares at bubble valuations but there are risks to Zynga's trajectory - namely, it's reliance on Farmville, Facebook, and competitors are on the prowl.