Donate

Tag: Zynga

Zynga CEO Mark Pincus Replaced

July 1, 2013 | 1:57 pm

Zynga CEO Mark Pincus Replaced

Posted by

NEW YORK (AP) — Zynga’s CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft’s Xbox business, as the troubled online game company looks to revive its business and stalled stock price. The maker of “FarmVille” and other games said Monday that Pincus, who founded the San Francisco-based company […]

Continue Reading

San Francisco-Based Zynga to Lay Off 520 Employees

June 3, 2013 | 12:07 pm

San Francisco-Based Zynga to Lay Off 520 Employees

Posted by

There’s no joy in Farmville today as Zynga, the San Francisco-based online gaming company, has announced “a workforce reduction and closure of various office locations.” Zynga says it will lay off a total of 18 percent, or 520 employees, just the latest downsizing in a series of them over the last year. “The workforce reduction […]

Continue Reading

San Francisco’s Zynga Narrows Losses as Game Maker Cuts Costs

February 5, 2013 | 3:59 pm

San Francisco’s Zynga Narrows Losses as Game Maker Cuts Costs

Posted by

by Barbara Ortutay, AP Technology Writer NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games. The results exceeded Wall Street’s muted expectations and Zynga Inc.’s battered […]

Continue Reading

Zynga Tries Its Hand at Online Gambling

January 2, 2013 | 12:22 pm

Zynga Tries Its Hand at Online Gambling

Posted by

by Sam Harnett It’s been a rough year for Zynga. Faced with plunging stock and revenues, the San Francisco-based social gaming company laid off employees and retired some of its games. But it has a new play for the New Year: online gambling. In a partnership with Bwin, the world’s largest publicly traded online gambling […]

Continue Reading

Facebook Posts 3Q Loss, Revenue Jumps

October 23, 2012 | 2:00 pm

Facebook Posts 3Q Loss, Revenue Jumps

Posted by

NEW YORK (AP) — Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street’s expectations. The world’s biggest social media company posted a loss of $59 million, or 2 cents per share, in the July-September period. That’s down from earnings of $227 million, or […]

Continue Reading

Zynga Shares Buy the Farmville After Earnings Report

July 25, 2012 | 2:09 pm

Zynga Shares Buy the Farmville After Earnings Report

Posted by

Is 35 percent a “plummet” or a “plunge”? Whichever — Zynga shares, that’s what they’re doing right now. Zynga is the San Francisco-based online game maker known for CityVille, FarmVille and other popular titles. Here’s the lead from the Wall Street Journal: “Zynga’s earnings just stunk up the joint and the company is partly blaming […]

Continue Reading

February 10, 2012 | 11:54 am

Hasbro to Team Up With Zynga — Offline

Posted by

From our public radio colleagues at Marketplace, a report on San Francisco-based online game sensation Zynga and its coming partnership with old-school gaming company Hasbro. Zynga, apparently, wants to expand offline into non-electronic, three-dimensional, real-world board games. (You know, with the dice and stuff…) This comes after Hasbro competitor Mattel went all Angry Birds last […]

Continue Reading

No Ka-Ching-A for Shares of Zynga as Stock Loses 5% on First Day; Analysis

December 16, 2011 | 3:53 pm

No Ka-Ching-A for Shares of Zynga as Stock Loses 5% on First Day; Analysis

Posted by

I talked to Chris O’Brien, business and technology columnist for the San Jose Mercury News, about today’s Zynga IPO dud: This really ends the year on a sour note for the tech IPO market. It’s a momentum killer. Heading into next year, all eyes will be on Facebook. But it’s not clear there are any […]

Continue Reading

Hold Your Horses, FarmVille to Go Public

July 1, 2011 | 5:13 pm

Hold Your Horses, FarmVille to Go Public

Posted by

NPR is reporting today that Zynga, the San Francisco-based maker of hugely popular (and some say addictive) online games, is looking to raise $1 billion from investors. Zynga Inc. hopes to raise up to $1 billion in an initial public offering that follows LinkedIn’s sizzling stock market debut last month. The amount of money Zynga […]

Continue Reading

Video: Ed Lee Hearts Zynga

June 30, 2011 | 1:05 pm

Video: Ed Lee Hearts Zynga

Posted by

A couple of days ago Fortune magazine talked to Ed Lee about the city’s moratorium (.pdf of bill) on its tax on stock options. (Video of the Fortune interview here.) Lee explains why the city passed the legislation and has some kind words for San Francisco-based Zynga, the maker of Farmville and other games that […]

Continue Reading