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Zynga is Dying

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#26
I played only Poker.
 
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Kreij

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#29
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#30
Ah someone beat me to it on how they blatantly copied The Sims. Honestly Zynga could have put some effort to make their games more creative instead of always copying and buying out other smaller companies or indie devs that are succeeding.
 

Aquinus

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#31
I will be a very happy person the day I stop getting Farmville or whatever-ville requests.
 

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#32
Those requests are a Facebook thing and not a Zygna thing.

That being said, the owners of Zygna created something that was wildly popular and made them tons of money in the social space.
From an investor standpoint this was a golden goose as their value went through the roof.

There were a couple of underlying problems ...
They were blantently copying popular games (I won't go into the legal or ethical implications) and they banked on these games being a mainstream draw for a long period for income.

When their IPO launched the shares were dropped at $10 and in trading that day they went as high as $15 per share. The problem was that these shares were overvalued from the start due to the investor hype (not Zygna's doing in particular). They were a "must have" in the trading circles even though there was nothing indicating any long tern (or even mid term) stability of the stock.

Now the shares are trading at below $3 (the last time I checked) and the people who bought in at $15 are getting a nice haircut. This is the risk you take with something new.

On top of that, the company is starting to get hammered with lawsuits for IP infringment, many which show probable justification. This was happening prior to the IPO, so the people who tossed their money into the Zygna pot were either not paying attention or were hoping for a quick profit and then a bail on the stocks. In either case, they didn't forsee, or were purposefully blind, to what was happening and are now rather pissed off becuase their gamble (and investment is always a gamble) did not pay off.

In any event, this whole thing makes for interesting reading on sites which cater to the business aspect of gaming.
 
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#34
Is this a surprise to anyone?

1) Theft of intellectual property, repackaged for Zynga.
2) Huge public offering, creating an easy target.
3) China level intellectual property theft.
4) Decreasing growth, with greatly increasing cost structure. Basically, unstable growth.
5) Thieving of intellectual property.


Zynga has written its own demise. They were and are unabashed fraudsters. If you expected a publicly traded company to be able to strip other companies of successful IP, without any consequences, you're not grounded in this reality.

If even EA can take pot-shots at you, you must know how deeply in the crap you are...
 
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#35
They've been riding the hype.

Hey look what's coming out next month?



And it's free!!! (If you don't mind the ads) :laugh:
 
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#36
Angry Birds is made by Rovio, not sure what you're getting at...
 
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#37
Lesson learned that gaming is not a trend, it's an enthusiast form of interactive entertainment. Let all whom thought they could turn it into a mere casual social affair fall to the wayside. Serious games are not a conversation piece, they're a way of life. This is what people get for thinking they can merely profit off our livelihood without really contributing anything substantial.