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.”
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?
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.