Eminence Capital is known for buying stakes in companies with the intent of forcing a deal or change of control. But Zynga’s stock ownership structure makes the success of such a play unlikely. So what is Eminence up to?
King.com’s daily active user count actually fell compared to the last quarter, and the company is now more in need of a hit than ever.
For the new Zynga to succeed, its founder Mark Pincus had to do something he’s never been able to do — let it go. While he was largely absent, he formally stepped back from the company’s day-to-day operations today.
Investors sent shares of King.com down more than 15% in its debut as a public company. But why did King bother going public in the first place?
But it wasn’t pretty – shares began trading at $20.50 each and fell more than 15% in its debut. The company priced its initial public offering at $22.50.
King.com’s IPO is going to be a tough sell. And it isn’t exactly a ringing endorsement for the gaming industry as a whole.
With the most highly anticipated IPO since Facebook coming next week, another company went public, and it’s blowing up. It sells boxes.
The future of King.com, the maker of Candy Crush, depends on whether or not it can develop new hits to follow up its rise to worldwide prominence. Something others who have come before it have not been able to do.
A million dollars isn’t cool. You know what’s cool? Bangs.
In the latest shake-up at the troubled social gaming company, the company’s second chief operating officer in as many years is stepping down.
Zynga lost another batch of executives on Monday. But they are hardly the only ones that have left in the past year or so.
One of Zynga’s brightest hopes, real-money gambling in the U.S., was purposefully extinguished. But focus might be just what Zynga needs right now.
Zynga founder Mark Pincus bowed to investor pressure Monday and relinquished his CEO role, bringing in Microsoft’s Don Mattrick to replace him. For the move to work, Pincus has to also give up management control, something he has had trouble doing in the past.
Zynga announced Monday that founder and controlling shareholder Mark Pincus would relinquish his role as Chief Executive Officer, bowing to investor pressure. The company hired Don Mattrick from Microsoft as CEO to steer a turnaround and position it for the mobile era.
A top Microsoft gaming executive is headed to Zynga. He could even be taking over as CEO of the company, according to AllThingsD.
As part of sweeping layoffs, Zynga’s New York operations were completely shut down. Here’s an inside look at the implosion.
Prior to its IPO, Zynga raided the executive ranks of its top competition, particularly Electronic Arts. Two years later, many of those top hires are already gone.
Troubled gaming company Zynga was forced to lay off 520 employees, or 18 percent of its staff, Monday. The company has lost about $5 billion in value since going public.
Earlier today, Zynga CEO Mark Pincus said he would lay off 520 employees and shut down offices in New York and other places. Here’s what it was like for the employees who got their pink slips.
Zynga is laying off 520 employees in its largest restructuring yet. Now the only question is whether it will survive as a mobile gaming company.
Spotted outside Zynga HQ.
First tweeted by designer Justin Maxwell, it’s now clear that Zynga laid off employees at three of its studios during Apple’s iPad mini event.
It’s the Velvet Underground of tech: just a few users, but a boatload of imitators.
It’s the most successful social gaming company in the world. So why is everyone thrilled it’s collapsing?
As you may have heard, a bunch of people just acquired Scrooge-McDuck quantities of cash thanks to this morning’s Facebook IPO. So exactly who is walking around with an extra billion dollars in their bank account? Here’s a visual breakdown of everyone who sold their shares today, and how much they made.
They’ve lost 40% of their users in the last two months, but there’s finally good news for Draw Something. They’ve coined their first meme. It involves Hitler.
Last night on the Late Show, Tina Fey fessed up to turning Baldwin onto the game over 7 months ago. We all know how that turned out.