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Zynga founder and current CEO Mark Pincus steps down, shares soar.
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Zynga founder and current CEO Mark Pincus steps down, shares soar.
Zynga grew too big and too fast - off the back of a single success story (Farmville) that was almost guaranteed not to last.
I'm not surprised at all that they're in serious trouble.
Yeah I almost choked on my cereal when I read about the initial floatation, along with Facebook, Groupon and many others recently they were IMHO massively overvalued considering the quality of their intellectual property and dubious revenue models. I can't see these kind of mini-games ever being massive profit makers, they're just to short lived and easy to replicate... perhaps they can be self-sustaining and break even or with small profit but hosting these games must be a costly endeavour and developers don't come cheap.Quote:
Originally Posted by AlexKitch
Not so sure bringing onboard Don "if-you-don't-have-internet-buy-a-360" Mattrick is going to help.
Don's days at MS were numbered after the XBO launch. First the backtrack on used games, now Don's exit, the XBox division is going through some radical surgery behind the scenes. I wonder how many other XBO pieces of news will emerge in the next month.
Well that certainly makes sense of why someone would jump ship on what seems like such a senior stable position.Quote:
Originally Posted by The Hand