Zynga has hired Don Mattrick as its new CEO, replacing founder Mark Pincus. The stock has jumped almost 20 percent in two days. Everyone believes that things will get better — that is, everyone except me. Let me explain why I don’t buy the PR spin.
Zynga’s share price soared as CEO Mark Pincus announced he would step aside from the lead role.
Zynga continues to struggle and lowered expectations for the upcoming year as it has seen underperformance in some games and its OMGPOP acquisition.
Game-maker Zynga is on the ropes and some think online gambling will give it a means to survive. But given that it’s late to the game and the messy laws governing American gambling, Zynga may have to fold its cards instead.
Zynga like many of its big web counterparts is grappling with the shift of consumers to the mobile platforms. Lack of mobile monetization opportunities are only part of the problem for the company that is beholden to Facebook and desktop-web for its growth and revenues.
Statistics suggest that a third of Draw Something‘s active users have deserted the game in just a month — bringing into question Zynga’s actions and judgment since deciding to purchase maker OMGPOP for $200 million.
Facebook games maker Zynga plans to raise $1 billion (£630 million) in its initial public offering, valuing the fledgling internet firm at…
Zynga’s executives and early investors are set to reap a windfall when the social gaming company goes public. But the hefty payouts have alr…
Zynga CEO Mark Pincus got lobbed some softballs this morning at the TechCrunch Disrupt conference by his investors at Kleiner Perkins. But he did give up some specific metrics about how his very metrics-driven company runs, and he talked about the larger themes at stake.
The good times are back in Silicon Valley, thanks to late-stage investors willing to bet on fast-growing Internet startups. Zynga, a San Francisco-based social games company, has raised a whopping $180 million in funding from Digital Sky Technologies, a Russian investment firm.