Tag Archives: Virtual economy

3 Ways Zynga Wins Big: Earnings, An Acquisition, A Headcount Cut

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Zynga came out with 2013 full year and fourth quarter results a full week ahead of schedule, but the move seems to be paying off. Shares were up close to 20% to $4.25 in after-hours trading following...

Zynga Needs A Cash Cow – Buys A Peacock

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Don Mattrick, Zynga’s new CEO, clearly wants to show he is the opposite of his predecessor. The previous guy spent $200 M buying OMGPOP, the creator of a faddish drawing game that took the world by...

Zynga buying ‘Clumsy Ninja’ maker, cutting staff

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Zynga buying 'Clumsy Ninja' maker, laying off 15 percent of employees in turnaround plan SAN FRANCISCO (AP) — Zynga Inc. said Thursday it was buying NaturalMotion, the company behind the hit mobile...

Massive ‘EVE Online’ Battle Losses Now Estimated at $500,000 In Real Money

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EVE Online is fascinating. It’s one of those games I’m too timid to actually venture into, but that I watch from the sidelines from time to time simply because it’s such a marvelous economic...

PS4 Gamers to Get Final Fantasy XIV In April

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Final Fantasy is one of the most popular franchises that game publisher Square Enix has to its name. The company has announced that the next game in the franchise will be coming to the PS4 game...

Hearthstone’s Open Beta Is Officially Live

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Blizzard can be quite stealthy when they want to be, and all of a sudden, after months and months of waiting, they’ve flung open the gates of the Hearthstone beta. The Warcraft-themed online card...

Microsoft Reportedly Tried to Buy Zynga Before Mattrick Became CEO

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Don Mattrick joined Zynga in the capacity of CEO some time back. After leaving Microsoft, he expressed his delight since he had always admired Zynga. The gaming company was in dire straits and Don...

Zynga CEO Mark Pincus is Replaced by Microsoft Xbox Head Don Mattrick

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Don Mattrick was the Microsoft's head of Xbox team. Mattrick left Microsoftis and join Zynga as CEO. King.com is the maker of Candy Crush Saga. The game reached a record number of hits on Facebook...

Candy Crush Saga Maker Prepares for IPO

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Online game maker King has had unexpected success with Candy Crush Saga. Now the company has hired J.P. Morgan according to The Wall Street Journal to prepare for an IPO. TechCrunch though has a...
    


Zynga Announces Layoffs for Cost Reduction

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Sometimes what hurts you can heal as well. This seems to be the case with Zynga, the video game producer, which is to downsize over 500 of its employees in an unprecedented move, the first of its...