Today after the bell, Zynga announced that its CFO and CAO Mark Vranesh will depart the firm after six years, and that David Lee will assume both roles effective April 14. Vranesh will help out for a month to, in the words of Zynga, “ensure a seamless transition.” According to Zynga, …
Read More »Zynga Rallies 4% After Reporting Q1 Revenue Of $168M, EPS Of -$0.01
This afternoon following the bell, Zynga reported its calendar first-quarter financial performance including revenue of $168 million, bookings (non-GAAP) of $161 million, and earnings per share of -$0.01 (non-GAAP). Analysts had expected the company to report top line of $164 million, and a single cent per-share loss. That revenue figure …
Read More »Zynga Founder Mark Pincus Steps Down From Chief Product Officer Role
Along with the company’s earnings release, Zynga announced that founder Mark Pincus would be stepping down from any operational duties and ceding his chief product officer title today. The company said that Pincus, who started the social gaming company in 2007, will remain chairman of the board. The announcement comes …
Read More »YoVille Renamed YoWorld And Officially Acquired From Zynga By Big Viking Games
YoVillians rejoice; your kingdom is saved. Players of the social virtual world game will be excited to hear that their play can continue as YoVille, which was acquired by Zynga a few years ago, will not be shuttered as planned. Instead, it is now the wholly owned property of London, …
Read More »Googler, And Former DARPA Director, Regina Dugan Joins Zynga’s Board Of Directors
Zynga is announcing a new addition to its board of directors — Regina E. Dugan, vice president of engineering and head of the Advanced Technology and Projects group at Google. In a memo sent to the company’s employees, CEO Don Mattrick said Dugan will be “a true catalyst for creative …
Read More »Ex-Zynga Developers Land $2.5 Million For New Studio JuiceBox Games
Three former Zynga developers have raised $2.5 million to build out their new gaming studio, JuiceBox Games, on the back of the release of their first gaming title HonorBound. With 3 million downloads and counting, JuiceBox’s first game is already generating revenue for the company. The game is ranked 94 …
Read More »Zynga, Scopely Exec Leaves To Start Mobile Studio MobLabs
Andy Kleinman, who was chief business officer at Los Angeles-based gaming company Scopely and a general manager at Zynga, left the company to start a mobile products-focused studio called MobLabs. Kleinman previously co-founded Vostu, a Latin American social gaming company, and later joined Three Melons, a studio that was acquired …
Read More »Zynga Drops 9% After Its $192M Q4 Revenue And Guidance Disappoint
Zynga reported its fourth quarter financial performance today after the bell, including revenue of $192.5 million and earnings per share of $0.00. Investors had expected the company to earn $0.00 on revenue of $201.11 million. The firm also reported bookings in the quarter of $182.4 million. The company’s flat earnings per …
Read More »Mobile Web Surfers Again Facing Unexpected Redirects To App Store, Native Apps
Remember the early days of web surfing? You’d be happily browsing through your favorite sites, clicking links – then, boom! – your screen was littered with pop-up advertisements! The problem became so prevalent, people began installing pop-up blocking software on their PCs as a solution to the ongoing annoyance. Today, …
Read More »A Super Angel’s View On Venture Capital In 2015
Editor’s Note: Fabrice Grinda is an Internet entrepreneur, angel investor, and co-founder of OLX, one of the largest free classifieds sites in the world. This piece is excerpted from a larger report due to be posted on Grinda’s site, Musings of an Entrepreneur. As the first quarter of 2015 draws to …
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