Zynga Wants to Get into the Gambling Business
Zynga recently filed a preliminary application for a gambling license in Nevada. We're not talking about gambling with Farmville credits, either. We're talking cold hard cash.
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A summary of the best reads found behind the paywall of The New York Times.
Zynga recently filed a preliminary application for a gambling license in Nevada. We're not talking about gambling with Farmville credits, either. We're talking cold hard cash.
With the company stock at less than $3 per share and having just announced recent lay-offs including the loss of its COO, you might verge on tears too while making a plea to the one man who could save your ailing gaming company.
A summary of the best reads found behind the paywall of The New York Times.
In all the noise created by today's Apple event, Zynga attempted to quietly lay off 100 people without anyone noticing. Kind of like a Friday afternoon news dump, but with new iPads. Unfortunately for them, it didn't work.
It's kind of tragically hilarious that people wondered if Zynga underpaid for OMGPOP, the company that makes mobile game Draw Something, since Zynga's earnings report out today has OMGPOP at half its purchase value.
With investors pulling their money out of Groupon, Facebook, and Zynga, one might be tempted to call this tech bubble burst, but other Internet start-ups have caught the attention of the venture capital world, keeping this thing going.
The first casualty of Zynga's disastrous second-quarter earnings report has been identified, and it's chief operating officer John Schappert. Was it the plummeting stock price, or a recent lawsuit filed against the company that did him in?
Zynga's second-quarter earnings report didn't go very well today, and now the stock is plummeting in after hours trading. It's having an interesting side effect, though: Facebook's stock is going down with it.
The Ryan Seacrest media empire convinced CBS to order a pilot for a Draw Something gameshow, which we think is the first iPhone game to be turned into a television gameshow.
It's tantalizing to tease a split between Zynga and Facebook, but based on the game-maker's and the social network's intense codependence, that's probably not happening any time soon.
Angry Birds may just be a 99 cent app, but it's spawned a sequel, inspired a theme park franchise, and is now considering an IPO
Just as the briefly über-popular smartphone app has started to wane in popularity, the company has made the game even less desirable.
Just six weeks ago, Draw Something was the hottest mobile game in the world, but today its popularity has collapsed and Zynga may be left holding the bag.
The first Reuters headline on Zynga's first-quarter earnings blared that the company had lost $85 million. The update announced that it had posted a revenue of $321 million. As it turns out, both are true.
Zynga, the company known for ripping off well-known games and calling them their own, is buying OMGPOP, a company that broke into the big time by ripping off Pictionary.
Every week we're taking a tally of who's getting heard, what they're saying, and why it matters. This week: McDonald's goes green, Zynga launches a new old game and people still like the Gap.
Social-game maker Zynga is a huge driver of traffic for Facebook, and their announcement Thursday that they are launching a separate site where people can play their games without accessing Facebook could be bad news for the Social Network that's supported them.
After Facebook's initial public offering paper revealed that Zynga accounts for 12 percent of the social network's revenue, ZNGA has been on quite a bull run up at NASDAQ.
The developers of Tiny Tower shouldn't be surprised that Zynga blatantly copied their popular game. Zynga's in the business of game cloning.
On its first day out, Zynga neither pulled a Groupon or wowed investors, with the stock dropping below the original $10 per-share price, ending at $9.50 for the day.
Zynga CEO Mark Pincus is doing this IPO thing his way after getting the biggest public offering since Google.
As Zynga gears up for its $925 million initial public offering on December, the wave of mini-profiles on the company's hyper competitive, hard-nosed founder Mark Pincus are a little less than flattering.
After announcing its lofty IPO goals last week, Zynga has taken its show on the road, trying its hardest to convince investors to pony up for a service that only 3 percent of its users pay for.
The Internet gaming company filed documents on Friday morning indicating that it intends on raising somewhere between $850 million and $1.15 billion for its public offering, raising $15 million more than it previously estimated.
Zynga doesn't think there's anything wrong with forcing certain employees to give up their soon-to-be-very valuable stock options.
Job creation? Apparently there are a bunch of Facebook apps for that
The social media company isn't scared of the teetering economy, it just doesn't want to go public
The company needs to adapt to the new gaming landscape
The latest addition to the social network could hit Facebook where it hurts
The social gaming company is opening itself up to scrutiny with it's massive IPO
The amount of money raised could be beat Google's record setting IPO in 2004
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