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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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.
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.
King.com, the maker of mobile game Candy Crush Saga, has filed for a "secret" IPO in the U.S., according to The TelegraphThe public offering of stock promises to be the biggest casual game company deal since EA bought PopCap in 2011 for $1.3 billion.Few financial details are available, but it was turning over around £300m at the start of this year and has grown rapidly since then.
As expected, the third of this week's trio of Steam-related announcements from Valve is a new controller designed to be used with SteamOS in the living room. And from what Valve has revealed, this isn't a mere copy of the now practically default dual-stick design, but a new kind of controller that will even work with PC games designed for a mouse and keyboard.
TinyCo, an early mobile game developer that picked up funding from Andreessen Horowitz, is laying off 27 employees as it moves toward a new strategy. The company says it will outline its new moves in the coming few weeks.
On March 26, 2012, a new media startup called Upworthy launched. Now it has 50 million monthly unique readers.Almost all of its readers come from Facebook. The headlines, which Upworthy's editors toil over, leave much to be desired and tug at heart strings.
Gaming giant Zynga has started to accept the cryptocurrency as a payment option for those buying tokens for virtual goods on the web versions of FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows and CityVille. It makes Zynga the first major gaming company to accept Bitcoin. Zynga posted the news first on Reddit rather than release an official announcement.
Frank Gibeau is a veteran gaming executive who until recently was in charge of console and PC game development at Electronic Arts, a gaming colossus that has had some misfires and queasy moments in recent years.
What follows has been condensed and edited from a conversation with Mr.
As we previously reported , Dropbox is said to be on the verge of closing a huge $250 million round of investment, with the company valued at $10 billion. But, a couple more investors are still thinking of jumping in with huge investments of their own, reports Re/code's Liz Gannes .
I'm an Apple shareholder , so from a personal finance point of view, I don't hate the idea that famous activist investor Carl Icahn has taken a small stake in the company and started making demands.As a market observer and fan of Apple's products, however, I'm annoyed that Apple CEO Tim Cook is wasting his time talking to Icahn.
Online gaming company Zynga announced it has begun testing accepting payments in Bitcoin for seven of its games. The announcement has caused Bitcoin prices to surge back to $1,000 on the Mt. Gox exchange. Zynga made the announcement exclusively on reddit . Bitpay, one of the largest Bitcoin payment processing firms, will handle the transactions.
Dropbox is raising between $250 million and $400 million at a $10 billion valuation according to the Wall Street Journal and Re / code . Why? Because Dropbox has spent the last year rebuilding its product to make it work for businesses, and now it’s time to sell that product.
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.
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.
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...