Mark Pincus is stepping down from his role as CEO and being replaced with the former head of Microsoft’s entertainment division, Don Mattrick, according to Bloomberg. Several sources familiar with the situation told Bloomberg that the deal could be announced as early as today, with Mr. Mattrick officially beginning the appointment on July 8th. Read More
It wasn’t long after Zynga announced it would be laying off 18 percent of its staff that fired employees began to speak to the press. But one enterprising ex-Zyngaite decided to circumvent the traditional media route by hosting his own AMA on Reddit.
“What do you want to know about Zynga?” wrote the poster under the handle former_zyngite. ”I’ll try to be as honest and open as possible.” As proof of his identity, the poster included a photo of his layoff paperwork. Read More
You’ve got to wonder what employee happy hours are like in the legendarily intense environs of Zynga. (We’re gonna guess testy.) A couple days ago, the company announced the departure of New York GM Dan Porter, and former employees are already dishing to Fast Company. A lot of former Zynga staffers, it seems, are ready to trash talk the OMGPOP acquisition, which cost Zynga a $95.5 million write-down.
One former employee complained to Fast Company, ”They bought it at the peak [of Draw Something], and people got tired of the gameplay quickly and the usership dropped. We got the timing wrong.” Read More
Bad news for anyone looking to launch a real-money gaming startup: The AP reports that in a recent poll, half of respondents said they wanted sports gambling legalized–but a whopping three quarters thought Internet gambling specifically ought to remain off-limits.
Guess everyone just wants to stake their paycheck on how Eli Manning feels this weekend? Read More
Zynga just closed at 3.06 per share. The good news? That’s not an all-time low, as it dipped below $3.00 in July. However, it’s hovering at dismal levels, compared to the schadenfreude-inspiring state of Facebook (19.15).
But let’s put that in real dollars, shall we? A single share of Zynga is now worth fewer American greenbacks than a Shake Shack milkshake ($5.00), a Sunday New York Times (also $5.00) and the Metrocard cost of a trip to Coney Island and back ($4.50).
$3.00 isn’t going to get you much in the way of virtual items, either.
However, it is still possible to assemble a decent meal off the Wendy’s 99-cent value menu for less than the cost of a share of Zynga, provided that you are not very hungry.