Taking Stock Of Tech’s Third Quarter

tech-ipo I trust that you are sated, smiley, and generally recharged by the recent Thanksgiving cycle. Earnings time. You may have thought that you were out of the non-GAAP woods. Not in the least. Certainly, Box still has yet report, but the majority of tech shops have dropped their digits, leaving it up to you and I to parse the mix. Read More

Zynga Beats Expectations On Earnings, Posts A $3M Profit

zynga-earnings Zynga today beat analyst expectations for its third-quarter earnings, bringing in about $176 million in bookings with flat earnings, and revenue of $196 million. Analysts were expecting a loss of one cent per share for the company’s earnings. It’s an interesting time for Zynga’s earnings report. Activision Blizzard just yesterday said it would acquire King Digital, the… Read More

Zynga Beats Expectations On Earnings, Posts A $3M Profit

zynga-earnings Zynga today beat analyst expectations for its third-quarter earnings, bringing in about $176 million in bookings with flat earnings, and revenue of $196 million. Analysts were expecting a loss of one cent per share for the company’s earnings. It’s an interesting time for Zynga’s earnings report. Activision Blizzard just yesterday said it would acquire King Digital, the… Read More

Why Angry Birds Games Aren’t Enough For Rovio

angry birds movie Earlier today, Rovio said it would lay off 260 employees. This was fascinating news to the Internet, given Rovio’s status as one of the vanguards of mobile gaming as the iPhone and Android exploded. But in reality, all games eventually fade into obscurity, and even viral phenomenons like Kim Kardashian: Hollywood, Candy Crush Saga and FarmVille become distant memories among the… Read More

Zynga Beats Expectations In Q2 With $200M In Revenue, Fails To Stem User Exodus

mark pincus joi ito Zynga today beat analyst expectations for revenue and earnings, but its user numbers continued to decline, sending the stock down about 1% in extended trading. Zynga’s daily active user numbers declined 23 percent year over year to 21 million, which were also down 15% quarter-over-quarter. Its monthly active users also fell 32% to 83 million, down 18% sequentially. In the first quarter,… Read More

Mark Pincus Is Back — And His Vintage Management Style Might Be, Too

mark pincus 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

Zynga Pops On Q1 Revenue Beat, Plans To Fire Lots Of People

zynga-earnings 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

Here we go again: Zynga to cut 18% of its workforce

Zynga

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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…

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The Valley Of The Sith Lords

2422092207_8bf0b4ae32_o 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

Zynga founder Mark Pincus returns as CEO

Zynga

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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…

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