This article in today's N Y Times

As with Facebook, D.S.T. will invest directly in Zynga while also buying stock from shareholders, including the company’s employees. The move is aimed at giving employees and shareholders of the prominent start-up a way to cash out before an initial public offering.

Tiger Global, a New York hedge fund, and the venture capital firms Institutional Venture Partners and Andreessen Horowitz also invested. Zynga had previously raised $39 million. The companies did not disclose Zynga’s valuation as a result of the new capital, but the game company’s annual revenue has been reported to be around $250 million and growing quickly.

Two experts in Internet company finance said it would be reasonable for Zynga to command a valuation of two and a half to six times its annual revenue. That could put the value of the two-year-old Zynga at $1.5 billion; one industry insider believes the value could be as much as $3 billion. With the investment, D.S.T. is doubling down on its billion-dollar bet on social networks and online games, which draw people who do not normally play video games into virtual simulations that they can play with friends.

Players might spend only a few minutes each day in the game, and are persuaded to pay real money to buy virtual goods, like bales of hay and gasoline for their tractors in FarmVille, a game in which players run a farm. D.S.T. began investing in 2005, mostly in Internet firms based in Russia and Eastern Europe, where, as in Asia, people have adopted social games and virtual goods marketplaces faster than in the United States.

“People did not believe that this Chinese model of micropayments and social games was real,” said Yuri Milner, D.S.T.’s chief executive. “I am pretty convinced this market will have tremendous pick-up on the Western side of the world.”

With DST having picked up a stake in both Facebook and zynga, Farmville and Mafia Wars would be part of more daily lives.

Here are some recent Facebook and Twitter stories defining their early impact. Twitter has started testing its contributor feature to allow brands and businesses to set aside a permanent budget for Twitter and Facebook in their business. It will take a lot of business to keep steering this network esp as not just Asia and Eastern Europe is taking more to these networks but also because it is intuitively appealing to all age groups and takes a considerable bit of your time in the 'daily diet'. You can also expect some daily 'interference' from Fans on the more discernible social media than they could on Radio and TV. Scott Tozer of DST Technologies is himself listed on Facebook. Also see some recent 'hits'

This just might be Russia's next ticket after Gas/Oil without Ukraine and seemingly China also as most social sites are banned in countries like China and Vietnam Our estimate of the valuation of zynga conventionally as not exceeding $1 billion but wih hypergrowth, even $3 billion is cheap. Amazon started the same way and survived the bubble and the credit crisis.

Interestingly, the zynga CEO's statement above reflects shows the difference between a chinese, a russian and a 'western' model' that resides in mental subsets. Indian startups typically may not work towards recognising such national and cultural differences, but still we are another distinct culture even on the internet. That leaves the british, australian, the latam and the neo-asian ( the n11 incl korea, thailand and bangladesh, singapore and hongkong) to pursue a global internet unification with the big 4 investment banks and the larger american investors and fund houses).

This story is draft.