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670 posts and columns on Zynga
News Byte
On the back of its hit Facebook/mobile game Candy Crush Saga, casual game studio King said in a press release that it has crossed the 70 million mark in daily active players across all platforms. That puts it within striking distance of Zynga’s all-time quarterly peak of 72 million daily active users (achieved in Q2 2012), and well beyond that competitor’s latest quarterly total of 52 million DAU, as reported last month. The company also said that its cross-platform games are now being played more than 21 billion times per month.
News Byte
Zynga and Groupon shares shot up 7 percent and 5 percent, respectively, on news of an investment from hedge fund Jana Partners, first reported by Reuters earlier this morning. The long-term picture of both companies’ stock prices has been less than rosy. After peaking in March 2012 at close to $15 per share, Zynga hasn’t risen above the $5 threshold in nearly a year. Meanwhile, Groupon has similarly remained below $10 per share in the same time frame, peaking shortly after its November IPO close to $26 per share.
I thought of myself as C.E.O. at every company I was at. Not many companies are set up so people low in the hierarchy can challenge everything like a C.E.O.
– Zynga CEO Mark Pincus, explaining to the New York Times’ Andrew Goldman why he got fired so often
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