About two years ago, Mark Pincus brought on former Xbox executive Don Mattrick to run the company, and he took a step back. This was actually a tremendous surprise to the industry.
Pincus has a reputation of being a bit of a micro manager and is not often able to delegate responsibility or empower his lieutenants. It was seen as a change in direction for Zynga, which became one of the most… Read More
We’ve found the tech company that isn’t hiring.
Zynga reported its first-quarter financial performance today following the bell, sending its shares skyrocketing as investors cheered its revenue beat and plans to cut around 18 percent of its workforce. Read More
It’s game over for nearly a fifth of Zynga’s staff.
The beleaguered games company announced late Wednesday that it is laying off 18% of its staff, or 364 employees in total, in an effort to cut costs by $100 million annually. That percentage seems to be a favorite for the long-suffering company: Zynga also cut 18% of its staff two years ago
“Over the years we’ve seen that tighter, more nimble teams can drive faster innovation and deliver more player value,” said Mark Pincus, the company’s founder and CEO. “As a result, today we announced a cost reduction program to focus, simplify and align us against our most promising opportunities… This was a hard but necessary decision and I believe this plan puts us in the best long term position for success.” Read more…
Twitter just gave the bird to startups, and I am not talking about their logo.
By now, you have probably heard that Twitter is going to cut off third-party access to its firehose of data. DataSift, one of several startups that rely on this access for their business, are now scrambling to reassure customers that their product is going to continue to work. “Blindsided” is how… Read More
Call it bygones: Zynga is welcoming its embattled founder, Mark Pincus, to come back as its CEO
The Zynga founder announced Wednesday afternoon that he is returning to the company as CEO effective immediately, a little less than two years after he stepped down from the role and recruited Xbox One head Don Mattrick as his replacement. Mattrick will leave the company, “effective immediately,” but the split was amicable according to reports
Under Mattrick’s leadership, Zynga, which took off on desktop thanks in large part to Facebook, attempted to slowly boost its footing on mobile. The company’s mobile monthly active user numbers grew by 87% year-over-year in the fourth quarter, but its overall user base continues to shrink: Zynga had 108 million monthly active players in the fourth quarter, down from 112 million in the same quarter a year earlier. Read more…
Zynga reported its fourth quarter financial performance today after the bell, including revenue of $192.5 million and earnings per share of $0.00. Investors had expected the company to earn $0.00 on revenue of $201.11 million. The company’s flat earnings per share is based on adjusted profit. Using normally accepted accounting methods, Zynga lost $45.13 million, or $0.05 per share. In… Read More
Zynga reported its fourth quarter financial performance today after the bell, including revenue of $192.5 million and earnings per share of $0.00. Investors had expected the company to earn $0.00 on revenue of $201.11 million. The firm also reported bookings in the quarter of $182.4 million.
The company’s flat earnings per share is based on adjusted profit. Using normally accepted… Read More
Prepare to feel old: Words With Friends just turned five.
To celebrate the milestone, Zynga is rolling out the game’s biggest update yet: a whole new app that comes with a dictionary, stat-tracking features and an offline mode.
See also: 10 People Making Total Bank From Gaming
The biggest addition to the game, a new single-player mode called Solo Play, was also one of the most requested from users, according to the company. Solo Play allows players to play games with an opponent and while offline. The new single player mode adjusts to your skill level so offline games will always be challenging Read more…
Three former Zynga developers have raised $2.5 million to build out their new gaming studio, JuiceBox Games, on the back of the release of their first gaming title HonorBound. With 3 million downloads and counting, JuiceBox’s first game is already generating revenue for the company. The game is ranked 94 on the list of top-grossing apps with a daily revenue estimate of $14,726 and… Read More