Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 26 July 2013 10:26

Zynga abandons lifeline

Written by Nick Farrell

Real-money gaming not the way forward

Zynga is abandoning its long-running efforts to build a real-money gaming business in the United States. The move will hack off investors who thought that this was the company’s best bet and its only lifeline.

The "FarmVille" and "Words with Friends" maker has reported that it lost 40 percent of its monthly active users in the second quarter. In his first public comments since replacing founder Mark Pincus as chief executive on July 1, Don Mattrick told Wall Street analysts that he needed at least three months to thoroughly review Zynga's cunning plans.

He intended to take the company "back to basics" with an emphasis on free-to-play games on Apple's iOS and Google's Android mobile devices, as well as tried-and-true franchises like FarmVille, Mattrick said. 

Mattrick, who has chosen a new desk in the middle of the FarmVille team at Zynga's San Francisco headquarters, warned investors of two to four quarters of volatility in the company's performance before it could "reset" its business.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments