Posts tagged with 'Zynga'
Facebook's success hasn't only netted its founders, early employees and investors billions of dollars, the world's largest social network has built an ecosystem that has served as the foundation for other businesses collectively worth billions.
From large social gaming companies like Zynga all the way to individual developers building Facebook apps out of their bedrooms, Facebook's launch of a development platform in 2006 proved to be a game-changer for online entrepreneurs.
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by Patricio Robles
13 February 2013 15:06pm
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According to mobile analytics firm Flurry, the amount of time U.S. consumers spend per day interacting with mobile apps surpassed time spent browsing the web in 2011.
In 2013, television will be the target. This month, the average consumers has spent 168 minutes each day in front of the small screen and 127 minutes in front of the even smaller screen. If mobile apps continue their march next year, they could conceivably leave television in the rear view mirror.
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by Patricio Robles
06 December 2012 15:34pm
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For companies in the business of making and selling video games, "It was the best of times, it was the worst of times" may be a fair way to describe the past several years.
Like so many industries, the video game industry has seen major changes in a very short period of time. That has created huge opportunities for new and established players alike, but has also produced significant challenges.
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by Patricio Robles
04 July 2012 16:08pm
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Many have criticized Zynga's $200m acquisition of OMGPOP, the company behind the hit mobile game Draw Something.
According to critics of the deal, Zynga overpaid for the game just as it was hitting its peak, it will never recoup the purchase price and it could even be scantly remembered by consumers in a year's time.
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by Patricio Robles
18 June 2012 20:24pm
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Rumors of social gaming's death may not be exaggerated.
There's been increasing discussion about the possibility social gaming has finally jumped the shark this year, and Zynga's big drop in daily active users sent investors in the social gaming giant rushing for the exits earlier this week.
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by Patricio Robles
15 June 2012 18:44pm
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After a rocky start, Facebook's life as a publicly-traded company has settled down a bit. Despite healthy skepticism about its prospects in light of a $100bn valuation, its stock price has stabilised (for now) while industry observers and investors are taking stock of its actual -- not hypothetical -- business.
But one of Facebook's best friends, social gaming giant Zynga, hasn't been so fortunate. Today, its stock plunged to under $5, its lowest level since the company went public last year.
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by Patricio Robles
12 June 2012 22:25pm
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In the market for farming supplies?
If you're looking for a new tractor or some seeds, American Express is hoping that you'll use one of its new prepaid cards to complete the purchase. On Farmville, of course.
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by Patricio Robles
22 May 2012 17:26pm
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When Zynga shelled out $200m for OMGPOP, the maker of Draw Something, the social gaming giant was buying what was, at the time, the owner of the hottest mobile game in the world.
But despite its popularity and the fact that it was generating hundreds of thousands of dollars each day in revenue, the steep price Zynga paid for a company that was once on the brink of failure naturally raised questions about whether it overpaid.
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by Patricio Robles
04 May 2012 17:42pm
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Social gaming on Facebook may be past its prime, but don't tell social gaming juggernaut Zynga that casual gaming is.
The company, which went public late last year, yesterday reported $321m in revenue in the first quarter of 2012 -- its highest quarterly revenue figure ever. All told, bookings rose to $329m, up 15% year-over-year, while the $321m in revenue represented a more impressive 32% year-over-year increase.
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by Patricio Robles
27 April 2012 19:09pm
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One of the biggest drivers of Facebook's success has arguably been the rise of social gaming.
From Mafia Wars to Farmville, Facebook's platform has become a virtual gaming console of sorts for millions upon millions of consumers, creating a multi-billion dollar virtual currency opportunity for Facebook that it's exploiting with Facebook Credits.
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by Patricio Robles
26 April 2012 15:47pm
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