zynga

Zynga reportedly handed out stock to keep workers from leaving

Zynga reportedly handed out stock to keep workers from leaving

Things haven't been looking good for Zynga lately. Not only has its stock dropped by a pretty large amount since it went public in December, but it's apparently had to offer incentives to keep its employees from leaving. Bloomberg reports that the company was forced to hand out stock to prevent what analyst Arvind Bhatia calls a "mass exodus," which certainly makes things seem dire for the social games giant.

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SlashGear Evening Wrap-Up: August 3, 2012

SlashGear Evening Wrap-Up: August 3, 2012

Welcome to the weekend, everyone! We're about ready to dive into the weekend ourselves, but not before we deliver the evening wrap-up. As with every other day this week, today gave us some more news about Apple's patent trial with Samsung, with Judge Lucy Koh interviewing each and every one of the jurors to make sure they weren't being swayed by any outside influences. Apple's senior VP of worldwide marketing Phil Schiller took the stand today to convince the jury that the iPhone's design was unique, while the company's legal counsel did its best to make sure that Samsung didn't share any iPhone sales numbers. Judge Koh also said that Apple wasn't allowed to keep its customer survey results a secret, so Samsung did get a bit of news that could help it out as the trial progresses.

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Electronic Arts taking Zynga to court over The Ville

Electronic Arts taking Zynga to court over The Ville

Well what do we have here? Apparently Electronic Arts thinks Zynga ripped off The Sims Social and is now taking the social games giant to court. More specifically, Electronic Arts claims that Zynga committed copyright infringement with The Ville, which does look quite similar to The Sims Social. Of course, we've known that EA has felt this way about The Ville for a while now, with EA complaining about the similarities between the two since The Ville launched in June.

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Zynga hit with investigation over questionable stock sell-off

Zynga hit with investigation over questionable stock sell-off

Things just went from bad to worse for some of the folks at Zynga. Earlier this week the company delivered a less-than-stellar quarterly financial report, and now Ars Technica is reporting that some executives and shareholders are under investigation for dumping over $500 million in stock before the bad news hit and Zynga's stock price took a dive. In other words, a few Zynga higher-ups could be in a whole lot of trouble.

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Zynga reports $23m social gaming loss as Facebook worries mount

Zynga reports $23m social gaming loss as Facebook worries mount

Social game and Facebook stalwart Zynga has reported a dire financial quarter, casting a pall over casual gaming and leaving investors concerned that Facebook itself will underperform. On the surface, Zynga was doing everything right: daily active users were up year-on-year in Q2 2012 from 59m to 72m, with monthly unique and active users also both up (to 192m and 306m respectively). However, that still wasn't enough to avoid a net loss of $22.8m, despite online game revenues rising 10-percent year-on-year

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Zynga to offer real-money gambling in 2013

Zynga to offer real-money gambling in 2013

Enough with that silly fake money in Farmville and the lack of real-world thrills in Zynga Poker. The country's favorite social game company is looking to expand into the world of sin and will offer a poker game that allows players to gamble actual money sometime in the first half of 2013. However, don't expect it to be hosted - or perhaps even playable - in the US, where online gambling is all but expunged due to several state laws banning the practice.

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Zynga posts $22.8 million loss in Q2 2012 report

Zynga posts $22.8 million loss in Q2 2012 report

Zynga's report for its second quarter has landed, and some things about it aren't looking too hot. The social games giant reported a loss of $22.8 million for the quarter, which is down from the $1.4 million the company made during the same quarter last year. Revenue, on the other hand, was up for the quarter, rising 19% year-over-year to $332 million, so the news isn't all that bad.

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