Cory Johnson reported for Bloomberg West last night, pointing out that Zynga doesn't expect people to play its games as long as they used to. He also calls the company on unusual accounting practices, saying, "The revenue recognition of Zynga has made Zynga look like a very different company than it is."
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Words With Friends game maker Zynga announced that it is acquiring U.K.-based gaming company NaturalMotion for $527 million in cash and equity. The company also announced that it would be laying off about 15% of its workforce — that comes out to roughly 314 employees.
Here's what the internal Words With Friends dictionary looks like:It's been a crazy year for game-maker Zynga — it fired 15% of its workforce, and bought U.K.-based game company NaturalMotion in January — but it looks like the company is trying to turn things around.
When you travel the world, having a few drinks with your hosts is a great way to get a sense of the local culture. But excessive alcohol consumption can cause physiological consequences . Don't worry—a hangover is universal, and your new friends probably already know a way to cope with it.Read more...
Comcast has confirmed that it's going to buy Time Warner Cable to form a huge, tangled monster of awfulness. Hooray! You want out? Lucky for you there are some alternatives to doing business with your monopolistic cable-internet master if you try hard enough. Here are your options, and good luck making your escape. Read more...
Surgeons,mad scientistsand sentries guarding the Korean Demilitarized Zone (DMZ) now have one thing in common:Microsoft's Kinect. According toHankooki, the Korean military is currently using Kinect sensors to monitor movements at the border between North and South Korea.
Last Black Friday, we learned that iOS shoppers blew away Android shoppers in terms of money spent through mobile devices. But while we saw a nice bump that weekend, it's still clear that conversion rates on smartphones and tablets are much lower than they are on PCs. This chart from Statista breaks it down from the final quarter of last year.
Barely a week since successfully completing sea trials after a three year hiatus, the venerable research sub Alvin is already earning back the $42 million in hardware upgrades and engineering retrofits it's received—showing off its spaciou
The HAV304 took the crown of “world's longest aircraft” with its inaugural flight today. The gargantuan spans a football field and towers just over two stories in height, owing its construction to pure metal. It sacrifices little in being the world's longest, as it still reaches 100 mph, which is triple that of the dwarfish Goodyear blimp.
Mark Pincus, the founder of Zynga, is stepping back from the once-hot social gaming company as its new leader seeks a turnaround.Zynga said that Mr. Pincus decided to give up all operational responsibilities at the company, though he will remain its chairman and largest shareholder. Nearly a year ago, Mr.
In a rather ironic turn of events, game maker Zynga acquired gaming company NaturalMotion for a whooping amount of $527 million. And then on the same day, it also let go 314 employees, around 15 percent of its entire roster.
Zynga broke a lot of hearts when it announced it would be shutting down YoVille , a virtual world online game that’s been running since 2008. The game’s players have been building their simulated communities for many years now, but they only have until March to say goodbye. Unless, that is, YoVille’s original creator and his new game studio have their way.
Today Facebook announced that it had acquired Oculus VR , the company behind the Oculus Rift virtual reality headset, for $2 billion. The move marks a giant leap for the company — what started as an accessory for gaming enthusiasts is now owned by one of the largest tech companies in the world. And it all happened rather quickly.
Your childhood likely involved at least one cartridge-based gaming console, and with those games came a habit that feels as natural as taking up the controller: blowing in the cartridge. It is widely known at this point that such an activity was useless, but that doesn't answer the question of why we did it.
Paired with the news of a big half-billion-dollar acquisition , Zynga is also laying off about 15 percent of its workforce, or about 314 employees. This is part of a cost-reduction plan that is supposed to generate $33 million to $35 million in savings this year, excluding a $15 million to $17 million restructuring charge.