40°
Submitted by Origummy 904d ago | opinion piece

How Zynga can get its groove back

Zynga pre-announced yesterday weaker than expected earnings for the third quarter, which follows a previously horrible second quarter. Zynga’s new game The Ville underperformed, it had to write off $90 million from the OMGPOP Draw Something acquisition, CEO Mark Pincus may have hinted at layoffs in an internal memo, and people are leaving (the founding creators behind Words with Friends are the latest two). The stock has dropped today to $2.30 a share (far below the $10/share IPO price). (Casual games, Zynga)

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
20°

Review: Game of Thrones: Episode 3 – The Sword in the Darkness (DarkZero)

17m ago - Jorge S Fernandez: "When Telltale Games created their videogame adaption of The Walking Dead, the... | PC
30°

How Is PS4 Exclusive Bloodborne Treating Our Beginners?

19m ago - PushSquare:"For the few of you that aren't fed up of us bleating on about Bloodborne yet, we've g... | PS4
Ad

Want to Join the Releases.com Team? We are Looking for News Editors

Now - We are looking for news editors for the following categories. Games, TV Series, Movies and Tech. If you are an aspiring journalist in one of these... | Promoted post
40°

Bloodborne Hates Me, So Why Do I Enjoy It So Much?

32m ago - "Even though Bloodborne offends almost all of my gaming sensibilities and really seems to run lik... | PS4
20°

Mr Jump – Jumping Onto Our Mobiles | IM PLAYIN

32m ago - IM PLAYIN discuss Mr Jump. "One of the latest offerings on the App store, Mr Jump, seems to co... | iPhone
20°

Bonus Round: SNOW Preview | Continue Play

32m ago - "SNOW is currently in closed beta, and for the small asking price, there’s no better time to take... | PC