Articles about zynga

Zynga CEO resigns – again – after terrible results

The CEO of mobile games company Zynga, Mark Pincus, has resigned – a second time – following bad results. The decision to replace Pincus with a veteran games industry exec is Groundhog Day for the troubled company after it did exactly the same thing in 2013. Back then, Pincus was replaced with former Electronic Arts exec Don …
Angry Birds

Angry Birds CEO hops into slingshot, goes 'WEEEEE!'

The CEO of the company behind mobile gaming hit Angry Birds has announced his intention to leave the gaming firm. Rovio Entertainment said that Mikael Hed, long time business leader of the Finnish games firm that made flinging wildfowl a global craze, would be stepping down from the company on New Year's Day. His replacement …
Shaun Nichols, 29 Aug 2014
Farmville on the iPhone

Farmville maker Zynga delays new games after losing 57 MILLION users

Zynga has slashed its financial forecast for this year and delayed the launch of several new titles after reporting weaker-than-expected second quarter results. The company, best known for its FarmVille game on Facebook, has lost 57 million monthly active users since the same quarter last year, dropping to 130 million from 187 …
Candy Crush Saga

Candy Crush King sees IPO go sour as stock price heads south

Mobile games firm King Digital failed to take the stock market by storm Wednesday as the firm's initial public offering (IPO) saw its stock price decline by more than 15 per cent at close of trading. The company made famous for its Candy Crush mobile game had been seeking a valuation of roughly $7bn wen it offered its shares …
Shaun Nichols, 27 Mar 2014
Farmville on the iPhone

Zynga dodges IPO lawsuit thanks to lack of 'basic factual details'

Zynga has seen off a lawsuit that accused the gaming firm of misleading investors about its financial and business prospects ahead of its initial public offering back in 2011. Shareholders who launched the suit had alleged that Zynga had "engaged in a deliberate scheme to mislead investors by portraying the online gaming …

Bye-Zynga: online games maker laying off 314 staff

Mobile game specialist Zynga has announced that it will be laying off some 15 per cent of its staff as part of a cost-cutting measure. The company said that the cuts would make 314 people at the company redundant. The lowered payroll costs would be part of a plan by the company to same some $33-35m over the course of the 2014 …
Shaun Nichols, 31 Jan 2014

Bitcoin blasts past $1,000 AGAIN after Zynga accepts cryptocurrency

How better to pay for virtual real estate than with virtual money? The price of Bitcoins has risen beyond the thousand-dollar mark again after games-maker Zynga announced it would trial the e-currency for in-game purchases. At the time of writing, a Bitcoin was worth $1,062.30 on the Mt.Gox online exchange, one of the major …

Bang away – just not 'with friends', Zynga tells naughty hookups app

The sexy hookups app Bang With Friends has agreed to change its name after a legal spat with social games designer Zynga. The two companies were at loggerheads over the "With Friends" bit of the casual sex app's name. The naughty app agreed to change all its branding and also to take the offending words out of its corporate …
Jasper Hamill, 2 Oct 2013
Candy Crush Saga

First Twitter, now Candy Crush King. So who ISN'T 'filing a secret IPO'?

King.com, the Brit mobile gaming firm behind the smash-hit amusement Candy Crush Saga, has reportedly filed for an initial public offering (IPO) in the US. A well-placed source told Reuters that the company responsible for the sweetie swap-and-match distraction has submitted to watchdogs its confidential paperwork to go public …

Top execs off as Zynga's new CEO shaves 'layer' off senior ranks

Zynga's new chief exec Don Mattrick is shaking things up in management at the social gaming firm, which apparently includes getting rid of a number of top senior execs. Chief technology officer Cadir Lee, chief operating officer David Ko and chief people officer Colleen McCreary are all leaving the firm that makes Farmville, …

You're doing WHAT with friends? Zynga sues Bang With Friends maker

Social games designer Zynga is suing the makers of casual sex app Bang With Friends for trademark infringement. Zynga - which says it owns the '...With Friends' brand - is no stranger to the courts, having been sued a number of times by competitors who alleged it copied the design of their games. But seeing as one of the …
Jasper Hamill, 1 Aug 2013
Farmville on the iPhone

Zynga ABANDONS ALL HOPE of opening US gambling operation

Zynga has decided to give up on trying to get a gambling licence in the US, the new revenue stream many investors were banking on to lift the gaming firm's fortunes. The makers of "Farmville" and "Words with Friends", which recently hired former Xbox boss Don Mattrick to replace founder Mark Pincus as CEO, said it now believed …

Oh please, PLEASE bring back Xbox One's hated DRM - say Xbox loyalists

Xbox One loyalists want Microsoft to reinstate the new console's tough copy protection controls and mandatory online connection requirement that were axed following a backlash. Thousands of gamers have put their names to a petition piling pressure on Redmond to give them the Xbox One console it promised at gaming conference E3 …
Gavin Clarke, 11 Jul 2013
The Register breaking news

Zynga's CEO tried to buy game slinger in 2010... while Xbox chief - report

Zynga’s new chief executive Don Mattrick liked the online gaming firm so much, he considered buying it for Xbox while he was a Microsoft bigwig. Mattrick, until last week the head of Microsoft’s entertainment division, negotiated with Zynga founder Mark Pincus to buy Zynga in 2010, "insiders" told Bloomberg. According to the …
Gavin Clarke, 8 Jul 2013

Zynga lures Microsoft's gaming chief with bulging package

Shiny new Zynga chief Don Mattrick will get a hefty package when he joins the firm next week, with around $50m hitting his bank account in the next few years. The firm said in a regulatory filing that Mattrick, who's leaving his job as head of Microsoft's Xbox business to join the mobile gaming biz, will get a base salary of $ …

Zynga zinger: Xbox chief bagged as new CEO

Zynga, the online gaming company that recently laid off 500 employees, has just hired one: a new CEO, Don Mattrick, who moves to the game developer from his job as president of Microsoft's Interactive Entertainment Business, where he shepherded the Xbox 360. "Don is unique in the game business," said Zynga's founder, chairman …
Rik Myslewski, 1 Jul 2013
The Register breaking news

Sacked Zynga bods learn their jobs are gone via Facebook

Shares in ailing "social gaming" firm Zynga tumbled 12 per cent on Monday to $2.99, after chief Mark Pincus announced that the company would be laying off more than 500 employees. Zynga now expects to lose as much as $39m in the second quarter, since its games (other than the popular Farmville) have once more underperformed. …
The Register breaking news

Zynga deactivates 500+ employees in major layoff

Online gaming company Zynga is getting rid of 18 per cent of its staff so its remaining employees can have enough resources to stay alive in a mobile device–led world – or so their CEO says. The FarmVille and DrawSomething gambling gaming company announced plans to get rid of over 500 people on Monday in a memo from its …
Jack Clark, 4 Jun 2013

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