Zynga — the once king of mobile gaming that nobody talks about anymore but which still makes hundreds of millions of dollars every year — is headed back to court over an insider trading scandal that just won’t seem to die. After originally being dismissed, Reuters reports the case has been revived by the Delaware …
Former Xbox boss Don Mattrick knew he would be in for a challenge when he took over as CEO of Zynga, but you have to imagine he has days when he wishes he was still back at Microsoft. To get a scope of just how bad things are at Zynga, consider that the company lost …
Before Don Mattrick surprised everyone with the announcement that he was leaving Microsoft to join Zynga as its CEO, the former Xbox boss was reportedly interested in acquiring the social gaming company. According to Bloomberg, Mattrick met with Zynga founder and then CEO Mark Pincus in 2010 about Microsoft potentially purchasing the company. Microsoft was reportedly interested …
While Wall Street has reacted favorably to Zynga’s hire of former Xbox chief Don Mattrick as its CEO, GigaOM’s Om Malik isn’t having any of it. In a long analysis, Malik makes the compelling case that Mattrick is very unlikely to turn around Zynga’s fortunes mostly because his hiring does nothing to improve the company’s …
Don Mattrick surprised everyone on Monday when he announced that he would be leaving Microsoft to become the CEO of struggling social gaming company Zynga. According to a report from Fast Company, the executive left because he was unhappy with an upcoming reorganization of the company. Earlier reports suggested that Microsoft was planning major changes to …
A year ago, Zynga spent $200 million to buy OMGPOP, the creator of a popular game called Draw Something. Within 48 hours of the acquisition, Draw Something started dropping down the rankings of the United States app charts. By August 2012, the game that had been No. 3 top-grossing app on the iPhone in early …
Soon after its IPO, Zynga’s share price spiked above $15 in early 2012. Very little has gone right since then. Just last month, Zynga issued yet another warning and its share price now hovers just above $3. On Thursday, Zynga’s latest flagship game, Draw Something 2, dropped out of iPhone’s top-10 paid app chart after …
Zynga (ZNGA), the Facebook (FB) app behemoth, still reigns supreme on its most important platform. But the erosion of its dominant position continues as smaller rivals keep chipping away at its market share. On December 26, Zynga-owned Facebook applications had 267 million Monthly Active Users, down 20 million in two weeks. Far behind it followed Microsoft (MSFT) with …
Facebook (FB), Google (GOOG) and six other tech companies have petitioned the courts to begin rejecting lawsuits that are based on patents for vague concepts rather than specific applications, TechCrunch reported. The agreement, which was cosigned by Zynga (ZNGA), Dell (DELL), Intuit (INTU), Homeaway (AWAY), Rackspace (RAX), and Red Hat (RHT), notes the only thing …
As Zynga (ZNGA) continues its free fall into irrelevancy with layoffs and its one-hit social games, the gaming company has revised its contract with Facebook (FB) to free it from being “forced to launch games exclusively on the Facebook platform” and “obligated to use Facebook Credits for Zynga game pages,” according to AllThingsD. The change of terms filed with the …
