Social Game Maker Zynga’s Market Valuation Tops $5.5B

A lot of people might not know Zynga’s name, but they sure know its games. “Farmville,” “Mafia Wars,” and “Café World” are some of the biggest titles on Facebook – and continue to draw hundreds of millions of players per month.

That has led to massive growth at the social gaming company. And now SharePost, an exchange for shares of privately held companies, has put a valuation of $5.51 billion on Zynga. If accurate, that would make the company the second largest publisher in the video game industry – ahead of Electronic Arts and far ahead of Take-Two Interactive Software, but still less than industry leader Activision-Blizzard.

Read more at CNBC.com

App review: Face2Face

Face2Face does a good job of compiling a user’s varied social networking sites, but it goes a step too far by allowing friends of friends to know users’ general location. A privacy setting in the app’s upper right hand corner can make users invisible to people they’re not already connected with, but it’s not blatantly obvious and will likely be overlooked by many users. It’s reassuring that the app only gives general proximity, but that could still hit a little too close to some people’s comfort zones. While you can make yourself invisible to the world at large or specific individuals, you’ll have to regularly check the app to know if that’s necessary.

Power users of social networks might love the chance to meet friends and make new ones, but parents might want teens to sit this one out.

Read more at Common Sense Media