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So to put this into perspective: YouTube: $1.7 billion Instagram: $1 billion Zynga, with groundbreaking games such as “wizard of oz slot”: $13 billion https

by ensan 5y ago

So to put this into perspective: YouTube: $1.7 billion Instagram: $1 billion Zynga, with groundbreaking games such as “wizard of oz slot”: $13 billion https://www.zynga.com/games/ https://www.zynga.com/games/

xfour 5y ago
That’s just insane, whomever negotiated the sale of that corpse of a company either had some crazy inside pull at TTWO or should be made America’s top negotiator. As for anyone unlucky enough to still be playing a Zynga game, ( I think words is still active ) the micro transactions frequency I can imagine is going to go through the roof. Maybe the plan is to mine crypto using the userbase of something as aweful as that, otherwise the old Sony building must be valued at 12.5BB
BudaDude 5y ago
To be fair , YouTube at the time was not profitable when it was bought . Zynga is not only profitable but it’s a public company .
mrkramer 5y ago
At the time nobody knew would YouTube or Instagram succeed although they were growing like crazy and generally at the time valuations were lower. Nowadays everything is overvalued plus inflation is driving prices and valuations up in the last 2 years.
- aeternum 5y ago
  It's still unclear whether YouTube would have succeeded without Google. Bandwidth costs were crazy and probably still are now that they support 4k/8k video.
  - mrkramer 5y ago
    It probably would because investors would put more money into it until they build up their infrastructure but surely Google enabled them to scale enormously.
kgwgk 5y ago
More context: At the time of Facebook's acquisition of Instagram Zynga was trading higher than today (it went downhill from there losing over 80% in a few months). The market cap was $9bn.
- mrkramer 5y ago
  Zynga was slow to transition from Facebook social gaming to mobile gaming. That's when King and Supercell stepped in. I think that Zynga was and is only old-school mobile gaming company left since King and Supercell got acquired and that's why Take-Two was willing to pay such premium price for it.
kyteland 5y ago
I'm the design lead on Woz Slots. I'm sorry it's not your cup of tea. Our players love it. :)

by ensan 5y ago

xfour 5y ago

That’s just insane, whomever negotiated the sale of that corpse of a company either had some crazy inside pull at TTWO or should be made America’s top negotiator. As for anyone unlucky enough to still be playing a Zynga game, ( I think words is still active ) the micro transactions frequency I can imagine is going to go through the roof. Maybe the plan is to mine crypto using the userbase of something as aweful as that, otherwise the old Sony building must be valued at 12.5BB

BudaDude 5y ago

To be fair , YouTube at the time was not profitable when it was bought . Zynga is not only profitable but it’s a public company .

mrkramer 5y ago

At the time nobody knew would YouTube or Instagram succeed although they were growing like crazy and generally at the time valuations were lower. Nowadays everything is overvalued plus inflation is driving prices and valuations up in the last 2 years.

aeternum 5y ago
It's still unclear whether YouTube would have succeeded without Google. Bandwidth costs were crazy and probably still are now that they support 4k/8k video.
- mrkramer 5y ago
  It probably would because investors would put more money into it until they build up their infrastructure but surely Google enabled them to scale enormously.

kgwgk 5y ago

More context: At the time of Facebook's acquisition of Instagram Zynga was trading higher than today (it went downhill from there losing over 80% in a few months). The market cap was $9bn.

mrkramer 5y ago
Zynga was slow to transition from Facebook social gaming to mobile gaming. That's when King and Supercell stepped in. I think that Zynga was and is only old-school mobile gaming company left since King and Supercell got acquired and that's why Take-Two was willing to pay such premium price for it.

kyteland 5y ago

I'm the design lead on Woz Slots. I'm sorry it's not your cup of tea. Our players love it. :)