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Zynga

Anonymous Targeting Zynga

Anonymous hackers are ticked off about Zynga’s latest job cuts

October 30th, 2012

Hackers associated with the group Anonymous have threatened Zynga (ZNGA) for “the outrageous treatment of their employees and their actions against many developers.” The group is angry with the company’s latest round of layoffs, calling them “an insult to the population” and an “end of the U.S. game market.” The Anonymous members plan to release …

Zynga Analysis

In defense of Zynga

October 25th, 2012

It’s easy to badmouth the dumb moves Zynga (ZNGA) has made — the disastrous acquisition of OMGPOP, the strip-mining of the Ville franchises, the lack of skill-based games. On Wednesday night, Zynga shares finally rebounded a bit from the brutal swan dive that started right after the IPO. A share buyback program and UK gambling project offered …

Zynga plans to write off up to $95 million over OMGPOP merger flop

October 5th, 2012

Zynga’s (ZNGA) $210 million purchase of Draw Something OMGPOP is officially a dud. In Zynga’s latest preliminary financial report, the company revealed that its third quarter revenue will be lower than expected, clocking in between $300 million to $305 million and it will report a net loss between $95 million and $105 million. In what can …

Zynga, Nokia and the dangers of cliche-based speculation

August 1st, 2012

We all know that the feature phone market is dying and the mobile app market is hot. And that is what makes short-term investment decisions very tricky indeed. When everyone is widely aware of certain trends, everyone on Wall Street tends to scramble to the same side of the boat simultaneously. But sometimes, the boat …

Draw Something begins to lose its appeal

May 2nd, 2012

OMGPOP launched Draw Something on February 6th and within seven weeks, the game soared to 35 million users while serving almost 1 billion ad impressions per day. The turn based Pictionary-style game soon became the most popular Facebook Connect game, beating out Zynga’s Words With Friends, and also the No.1 free app and No.1 paid …

Zynga buys ‘Draw Something’ creator OMGPOP

March 21st, 2012

Zynga on Wednesday announced that it has acquired app developer OMGPOP for $180 million, plus another $30 million in employee-retention payments, AllThingsD reported. The company confirmed the acquisition during a conference call on Wednesday afternoon, however it did not disclose the terms of the deal. Even though the OMGPOP’s app is only six weeks old, …

Farmville creator Zynga files for $1 billion IPO

July 1st, 2011

Zynga, the popular gaming company behind hits such as Farmville — and the owner of other smash titles such as Words with Friends on Android and iPhone — has filed for an initial public offering (IPO), The New York Times reported on Friday. It currently has a $20 billion valuation and has plans to offer …

Electronic Arts may acquire PopCap Games for $1 billion

June 23rd, 2011

Electronic Arts is set to purchase PopCap Games for $1 billion, according to TechCrunch. PopCap Games is best known for titles such as Plants vs. Zombies, Peggle, and Bejewled, all of which are available on a number of platforms, including the PC and mobile devices. It’s unclear what the motivation behind the purchase is. EA …

Social Web browser Flock shutting down

April 13th, 2011

Flock, the social web browser that was purchased by Zynga earlier this year, has announced that it is shutting down. The team will instead focus on helping Zynga build socially connected games across multiple platforms. If you’re a Flock user, the good news is that you’ll be able to continue to use the product for …