Zynga says its CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft’s Xbox business.
Online game maker Zynga says it is cutting 520 jobs, about 18 percent of its workforce, and closing some offices.
Online game maker Zynga is reporting a smaller net loss and nearly flat revenue for the fourth quarter of 2012, a year in which its stock price shrank 75 percent.
Troubled Zynga’s stock is trading near its lowest level ever Friday after the online game maker behind “FarmVille” forecast a third quarter loss amid weak demand for its Web-based games. It’s also taking a hefty charge related to its March acquisition of mobile game company OMGPop.
In a first for a Zynga casual game, users can now have virtual sex in the company’s new title, The Ville. It will be available Wednesday.
Zynga saw its stock dinged on its first day of trading Friday—an unexpected turn of events for a closely watched public debut seen as a precursor to Facebook’s next year.
Hoping to harvest some fresh cash, the online game company behind “FarmVille” said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares.
Pop stars are lining up to make their debut in Facebook games from San Francisco online game maker Zynga. Now add international singer, Enrique Iglesias to the list…
Zynga Inc., the maker of popular online games such as “FarmVille” and “CityVille,” is being sued for patent infringement by a Texas gaming startup.
Zynga, the online game maker behind “FarmVille” and other popular Facebook pastimes, is going public.