He’s back. Today, following the cessation of trading, Zynga announced that its former CEO Mark Pincus will return to the role. Now-prior CEO Don Mattrick is out of two chairs: The one atop the company’s leadership structure and his seat on the board. The company’s shares fell more than 10 percent in the wake of the …
Read More »CrunchWeek: Apple Built A Watch, Zynga Recycles CEOs, And HBO Cuts The Cord
Welcome to another Friday and another episode of CrunchWeek. This week we had a treat in that two-thirds of our staff’s Sarahs sat down to dig in and rake over the news. We presume that you are bleary eyed due to staying up all night trying to fend off both nerds …
Read More »The Valley Of The Sith Lords
Twitter just gave the bird to startups, and I am not talking about their logo. By now, you have probably heard that Twitter is going to cut off third-party access to its firehose of data. DataSift, one of several startups that rely on this access for their business, are now …
Read More »Zynga Pops On Q1 Revenue Beat, Plans To Fire Lots Of People
We’ve found the tech company that isn’t hiring. Zynga reported its first-quarter financial performance today following the bell, sending its shares skyrocketing as investors cheered its revenue beat and plans to cut around 18 percent of its workforce, or more than 300 people. Zynga had revenue of $183.3 million in …
Read More »Mark Pincus Is Back — And His Vintage Management Style Might Be, Too
About two years ago, Mark Pincus brought on former Xbox executive Don Mattrick to run the company, and he took a step back. This was actually a tremendous surprise to the industry. Pincus has a reputation of being a bit of a micro manager and is not often able to delegate …
Read More »Zynga Beats Expectations In Q2 With $200M In Revenue, Fails To Stem User Exodus
Zynga today beat analyst expectations for revenue and earnings, but its user numbers continued to decline, sending the stock down about 1 percent in extended trading. Zynga’s daily active user numbers declined 23 percent year over year to 21 million, which were also down 15 percent quarter-over-quarter. Its monthly active …
Read More »Zynga Beats Expectations On Earnings, Posts A $3M Profit
Zynga today beat analyst expectations for its third-quarter earnings, bringing in about $176 million in bookings with flat earnings, and revenue of $196 million. Analysts were expecting a loss of 1 cent per share for the company’s earnings. It’s an interesting time for Zynga’s earnings report. Activision Blizzard just yesterday said it …
Read More »Meet your Disrupt NY Startup Battlefield final round judges: John Borthwick, Charles Hudson, Alfred Lin, Susan Lyne, Matthew Panzarino and Alan Patricof
Choosing this year’s Disrupt NY Startup Battlefield winners will be a tough job. There is an exceptionally strong and unique group of young companies competing in Startup Battlefield next week with 20 companies showcasing their innovative solutions to solving important and critical issues. Thankfully, we have an experienced team of …
Read More »Zynga plummets 9% in after-hours trading
Social game developer Zynga tumbled 9 percent in after-hours trading following the second quarter 2016 earnings announcement after the bell today. The company reported a net loss of $4.4 million, while still beating analysts’ expectations in terms of revenue. For the second quarter ended June 30, the San Francisco-based maker of FarmVille …
Read More »Leanplum raises $29M Series C round for its mobile marketing platform
Leanplum started out as a mobile A/B testing platform but has since built on this foundation to become a fully-fledged mobile marketing platform. The company has now raised a $29 million Series C round led by Canaan Partners with participation from existing investors Kleiner Perkins Caufield Byers and Shasta Ventures. …
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