Menu
Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Miley Cyrus New Butt Gets in Trouble with Law

Miley Cyrus New Butt Gets in Trouble with Law

Mazda Miata 2016 model revealed

Mazda Miata 2016 model revealed

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

Former Social Gaming Giant Zynga Loses $600M in 5 Years

Sep 14 2013, 10:00am CDT | by , in News | Technology News

Former social gaming giant Zynga was on top of the world just a few years ago. But now it faces tough times ahead after a loss of over $600 million since the year 2008. The decline and fall of Zynga may just have begun.

Former Social Gaming Giant Zynga Loses $600M in 5 Years
 
 

YouTube Videos Comments

Full Story

Former Social Gaming Giant Zynga Loses $600M in 5 Years

Former Social Gaming Giant Zynga Loses $600M in 5 Years

The pages of Facebook used to teem with Zynga-based social games that titillated and stimulated appetites for novel experiences among gamers. Farmville and Mafia Wars are just two examples of marvels of manipulation that kept the social Net freaks entertained for hours on end. But those days have gone the way of the prehistoric dinosaurs. 

The times when Zynga was a big hit have taken a downward spiral and now it is facing the firing squad of economic failure. Since half a decade or so, the losses have continued and they amount to a hefty sum of $600 million. While success used to be the norm at Zynga, fate took it down a nasty road straight into the arms of misery. 

Zynga stocks fell huge. Its IPO amount set in December 2011 was $9.50 per share which saw its highest offering of $14.69 on March 2, 2012. sine then, a steady decline is seen in Zynga stock price. Now it's "stock price is hovering around $3.00 per share," according to ArsTechnica. Compnay is also loosing its Monthly Average Users (MAUs). Just in a single quarter in 2013, Zynga lost quarter amount of its total MAUs. Its monthly average user base have now fallen below 127 million. These statistics reveal that Zynga is not a social gaming giant anymore. 

Micromanagement, lack of timely decision-making and a dearth of philosophy led Zynga into a vertiginous fall. Initially, its over-reliance on Facebook caused problems. Then there were clashes with developers who wanted to add a dash of non-seriousness to the games that Zynga produced. 

While there are some tactics that the top brass may yet employ to pull Zynga through this existential crisis, it will probably be a case of too little too late. The business model that the company followed has failed badly and today Zynga has the lowest self-esteem among social gaming setups. 

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

New Kindle Fire HD Kids Edition has 2-year Worry Free Guarantee
New Kindle Fire HD Kids Edition has 2-year Worry Free Guarantee
Amazon unveiled a whole new line of Kindle Fire tablets for the Holiday season 2014. Amazon is again messing with the iPad market share because of the low price of these quality tablets.
 
 
Amber Heard Topless Photo Leaked
Amber Heard Topless Photo Leaked
This weekend another big leak of private celebrity photos has hit the web. First time victims Kaley Cuoco and Jennifer Lawrence are hit again and now reports surface that a private message from Amber Heard to Johnny Depp containing a topless photo has leaked
 
 
Nicky Hilton Shows Off Engagement Ring at Eiffel Tower
Nicky Hilton Shows Off Engagement Ring at Eiffel Tower
Nicky Hilton, the sister of Paris Hilton showed off her giant engagement ring in front of Eiffel Tower.
 
 
Alex Ovechkin Moving Back to Left Wing
Alex Ovechkin Moving Back to Left Wing
The Washington Capitals are moving star forward Alex Ovechkin back to the left wing position.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.