Playdom picks up another $33 million

A week following gigantic Zynga fundraiser, Playdom draws more money for social gaming.

Playdom's latest round comes at a time where social gaming startups are constantly making headlines with fundraisers, acquisitions, and other announcements. A week ago, for example, Zynga raised a whopping $147 million from Japanese telecom SoftBank to expand the company's social gaming offerings in Asia.

It looks like the social media spending wars are on. Time will tell if his leads to innovation or saturation. The drop off in userbase is a sharp one when you count down from the top developers. Zynga and Playdom seem to be saying that you need to buy your place at the top in the current social network geography.