4 ms·
very hard to believe you can go from buy to writing down half the value in two quarters. either there was fraud involved or zinga is just looking for a convenie
by trotsky 14y ago
very hard to believe you can go from buy to writing down half the value in two quarters. either there was fraud involved or zinga is just looking for a convenient scapegoat + one time charge for their general malaise (which is what I'd guess)
- andrewljohnson 14y agoWhy do you find it hard to believe that a trendy game might fizzle in 90 days? I'm not surprised at all. I could imagine Zynga turned some dials when they acquired the company that destroyed the user base. I could imagine the game just got boring, to everyone (it did for me). I could imagine there were some fairly impressive, but perhaps inflated, PowerPoint presentations given to Zynga, and things didn't go exactly as planned. And I could imagine a culture clash that destroyed progress on the game, and in such a fast moving progress, standing still is as good as dying. But mostly, I could imagine all of the above. Easy come, easy go.
- trotsky 14y agobecause franchise, staff, pipeline, cross-promotion, licensing ?
- Mvandenbergh 14y agoWell, valuing companies with ephemeral products is always sort of hard.
- samstave 14y agoYou can see my earlier posts on HN about this - but I deleted Draw Something the day OMGPOP was bought by Zynga. I have never had an FB account, never will and will never play a Zynga game. I deleted my Quora account when they mucked with the privacy settings. I take my account providing pretty seriously and will not sign up for companies services if I do not like their business practices. I have dropped many a cell carrier for these reasons as well.
- lurker14 14y agoOMGPOP being down 50% in 6 months makes it better performing than the rest of Zynga! They are dragging up the overall market cap!