The leak of Facebook (META)’s off-the-cuff financials show the social network is more profitable than expected, and investors are trying to get in on the action from all sides.
OMGPOP, formerly known as iminlikewithyou.com, is a New York-based real-time gamemaker and platform for social games. OMGPOP releases games for Facebook, iPhone and the Web.
Billions of coins are spent on OMGPOP, the company says, and now they’ve raised an additional $10.1 million (in real dollars!) from earlier investors Spark Capital and Betaworks as well as Rho Capital and Softbank. That’s 111,100,000 Facebook Credits!
Social game makers were already raking in cash, but news of Facebook’s profitability is boosting Facebook-related companies that are already publicly-traded, such as SNAP Interactive (that link includes an astonishing chart). LinkedIn, in the runup to its own IPO, is also benefiting from the Facebook-makes-money hype (as is LinkedIn founder Reid Hoffman, who owns some Facebook stock).
OMGPOP plans to use the money to make acquisitions, furthering spreading the wealth.
No word on how much Facebook is worth in “coins.” Any Goldman clients out there with documents that can clear this up?
ajeffries [at] observer.com | @adrjeffries
