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Submitted by kamruk 1003d ago | news

Zynga facing trouble after failing to meet revenue expectations

Xbigy Games' Kamran Draeger writes:

"Social gaming company Zynga has seen a massive drop in their share price after releasing the company's earnings." (Industry, Zynga)

rufusman91  +   1003d ago
Oh, well that sucks.
kamruk  +   1003d ago
Not sure if disinterested or amused.
Soldierone  +   1003d ago
Good, cheering for it to continue.All their dirty tricks, they deserve the karma.
MattS  +   1003d ago
Yeah it's so funny when people's jobs are threatened.
Soldierone  +   1003d ago
Who said it was funny?

Plus its not like they are shutting down, the greedy rip off CEO's are just losing money.
kamruk  +   1003d ago
@Soldierone

We don't live in a world where Zynga's CEO is going to take a massive pay cut to save their employees, there are jobs at stake here.
MasFlowKiller  +   1003d ago
@kamruk

It is too bad if anyone looses their job but Zynga is a publicly traded company and the market will react specially when you have good people or bad people running the company.

Too bad for Zynga no one respects Mark Pincus because he is very unethical, anyway CEO can be fired by the board of directors if things get too too bad. So lets just hope for one person to loose his job Mark Pincus
#2.1.3 (Edited 1003d ago ) | Agree(2) | Disagree(0) | Report
WeskerChildReborned  +   1003d ago
Why do all the mobile companys do dirty tricks? Gameloft isn't that great either.
Gaetano  +   1003d ago
I hate comments like these. The hostility towards wealth and free enterprise completely disregards the hard work and inventiveness of those that started the company to begin with. People's jobs are on the line.
Fatty  +   1003d ago
1. No one begrudges companies that thrive on original ideas and quality productions; Zynga's leadership has openly stolen ideas and made terrible games. I can be angry at them for that.

2. Yes there are jobs on the line, and I think we all hope that the developers land on their feet if that were to happen. However, I believe the anger, like most anger, is directed at the unethical leadership of the company, not the average employee.
#2.3.1 (Edited 1003d ago ) | Agree(0) | Disagree(0) | Report
Rashonality  +   1003d ago
they got big fast, i won't be surprised if they fall even faster.
kamruk  +   1003d ago
Zynga opened at 10, shot up to 16 and is now at 3.20

They are falling pretty fast. I'm wondering if a Facebook buyout would be a possible outcome. They basically already own them and with how their stock is doing, a merger might not be so insane.
Tenkay23  +   1003d ago
Good riddance.
DeadlyFire  +   1003d ago
Well free to play only lasts so long before you don't wanna pay that nickel and dime scheme for every little thing.
Sithlord-Gamble  +   1003d ago
Good Riddance ...

The "death" of casual/app gaming would be a wonderful thing IMO.
Fatty  +   1003d ago
Good. They make horrible games & sell customer information.
fei-hung  +   1003d ago
The mobile gaming industry is a bubble, just like how Dubai was 10-12 years ago. It grew to big to fast and when the novelty wears off, it will crash hard and fast.

There are so many clones and rip offs out there for most apps and games, that downloading one and moving onto the next is no big deal, especially considering most of them are free.

I dont think Facebook would buy Zynga. There is no reason for anyone to buy a company that is sinking fast in an industry that may be sinking.
Emme  +   1003d ago
Did You guys just hear that ? I could swear I heard the social games bubble burst.

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