Wednesday, October 24, 2012


  • Zynga surges on higher sales, casino gaming plans

    NEW YORK (CNNMoney) -- Expectations for social gaming company Zynga were pretty low before their third quarter earnings report Thursday.

  • Zynga, Survival at Stake, Beats Forecasts

    The company, which practically invented the notion of using Facebook as a games platform, is firing employees, shutting games and losing fans.

  • Live Recap: Zynga Q3 Earnings Call

    The news, which comes just after Zynga slashed some of its staff, has sent the stock up more than 10% in after-hours trading.

  • Zynga shores up '12 view after revenue beat, shares surge

    SAN FRANCISCO (Reuters) - Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 12 percent higher.

  • Zynga shares leap, F5 battered after hours

    LOS ANGELES (MarketWatch) - Zynga Inc. shares surged Wednesday evening after the social game maker set a share buyback plan and posted quarterly revenue that outstripped Wall Street's target, but a weak outlook from F5 Networks Inc. prompted a ...

  • Zynga Posts Loss, Yet Tops Estimate; Stock Up

    ( - Online social games developer Zynga Inc. (ZNGA) Wednesday reported a third-quarter loss, hurt mostly by impairment charges and stock-based expense, even as its results came in above Street expectations.

  • Zynga's San Francisco headquarters

    Zynga's headquarters, sprawled across 270,000 square feet, is also known as The Dog House. The building is in San Francisco's South of Market neighborhood.

  • Zynga Stock Soars on Solid D+ Performance

    Zynga set expectations extremely low, then it surpassed them. The beleaguered Facebook games company lost 7 cents a share on $316 million in revenue, versus its own recently revised forecast of losing 12 to 14 cents a share on $300 million to $305 ...

  • Zynga: 'FarmVille' maker cuts 5 percent of staff, reduces games

    Zynga Chief Mobile Officer David Ko speaks during the Zynga Unleashed event at the company's headquarters in San Francisco, California in this June 2012 file photograph.

  • Zynga Cuts 5 Percent of Workforce, Will Shut Offices, End Games

    Zynga Inc. (ZNGA), the social-game maker that held an initial public offering last year, is cutting 5 percent of staff, shutting offices and ending more than a dozen titles to compensate for slowing sales growth.

  • Zynga closes Boston office, layoffs elsewhere

    Troubled game-maker Zynga Inc. closed its Cambridge office Tuesday as part of a company-wide cost cutting plan as it continues to struggle with the decline of game playing on Facebook and increasing competition.

  • EA Says They Feel Bad For Zynga's Collapse

    Zynga is nearly a dead horse. It really is. The stock is in a dire state, they've shutdown their Boston studio, laid off their Austin staff and plan to close their Japan and UK outlets.

  • Ahead of the Bell: Zynga gains on job cut plans

    NEW YORK (AP) - Zynga's stock rose 5 percent in premarket trading Wednesday after the online game company disclosed it was eliminating games, studios and jobs to cut costs.

  • Zynga lays off 5 percent of workforce, closes 3 offices (updated)

    UPDATE: Zynga has now confirmed that it let go of five percent of its roughly 3,200 employees earlier today, as part of a cost reduction plan that "includes significant cuts in spending on data hosting, advertising and outside services, primarily ...

  • Zynga Cuts 5% of Staff, Kills Some Games

    The decision comes a day before Zynga, of San Francisco, is expected to post a downbeat quarterly earnings report, underlining difficulties the creator of "FarmVille" and other titles has run into of late.

  • Zynga lays off 150 workers, closes studio, ends 13 games

    Audiences for many of Zynga's "free-to-play" games, in which players only pay when they want additional items or features to assist in their progress, have been declining recently.

  • Zynga cuts 5 percent of work force, ending 13 games

    SAN FRANCISCO (Reuters) - Zynga Inc has laid off 5 percent of its full-time workforce and shut its Boston office, launching a sweeping overhaul that may also see the struggling "FarmVille" creator close its Japanese and British offices.

  • Struggling Zynga cuts 5 percent of workforce, 13 older games

    A day before Zynga is scheduled to release third-quarter earnings that the company already warned would be down, the San Francisco social games developer said it was cutting 5 percent of its workforce and "sunsetting" 13 older games.

  • Zynga Announces Layoffs and Closing of Older Games

    Zynga, the social gaming company that has seen its fortunes slide over the last six months, announced cutbacks Tuesday just before what promises to be a dismal earnings report.

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