7 ms·

They buried the lead... Zynga has $527M?? Much like Sauron's tower in Mordor that collapsed once the foe was vanquished, you kinda expected Zynga to implode on

by cletus 13y ago

They buried the lead... Zynga has $527M?? Much like Sauron's tower in Mordor that collapsed once the foe was vanquished, you kinda expected Zynga to implode once Pincus was ousted.

sheraz 13y ago
Hahahahah. You beat me to it. I had that exact same thought -- "Zynga has enough money or credit to do spend that much?"
fragsworth 13y ago
Their IPO left them with something like $2 billion in cash.
- dblacc 13y ago
  wow.. thats pretty impressive.
- dopamean 13y ago
  Correct, and the article states that after this deal they're left with about 1.2 billion on hand.
brianchu 13y ago
Pincus was not ousted. That's a really common misconception. Pincus still retains voting control over the company (much like Zuckerberg retains control over Facebook). Any changing of the guard that took place had to take place on his initiative. Now, there's no doubt that he felt pressure to leave from the stock market. But that's not an ouster.
adventured 13y ago
They had $1.1 billion in cash at the end of last quarter, with no real debt. They have another $425m in long term investments, but I'm not sure what that consists of.
jessedhillon 13y ago
I came here expecting to see something like this at the top position. Apart from the standard rant about how completely unconstructive criticism -- in fact just outright insulting whole people and companies from the safety of anonymity -- seems to rule around here, there are a couple of other things I'd like to say. HN would greatly benefit from a regional filter -- as in, a filter of which comments I read, not who can post them. WTF do I care what some guy in Australia thinks of a very prominent Bay Area employer? He doesn't have friends and neighbors who work there, we do. Geographic community still means something, and much of the news on HN happens in our locale. (Honestly, I have a difficult time taking any developer who doesn't live here seriously, but that's a different discussion.) Second, up/down voting is conflated with "makes me feel good/not good" -- a better system would allow feedback to be more nuanced: agree/disagree, insightful, well-researched, funny etc. So we could have filters on discussions for what's actually insightful, not just what gives people the fuzzy comfort of knowing their preconceptions can remain safe and unchallenged for one more day, because the world has made low someone who has actual accomplishments (and mistakes)
- logicallee 13y ago
  I agree wholehertedly. But let me in the bubble! The whole POINT of YCombinator is that the Bay Area ecosystem is going to be open to people flying in for it. So, turn off speech but let people enjoy the geographic bubble. Anyone who would go to the trouble of a Bay Area VPN is practically renting there already so they could be allowed in, small loss. I would support. As long as anyone can view the discussion without participation.
  - jessedhillon 13y ago
    I meant a filter which I can apply when browsing comments. Not one preventing to restricting the ability to comment.
- mildtrepidation 13y ago
  (Honestly, I have a difficult time taking any developer who doesn't live here seriously, but that's a different discussion.) That's lovely. People outside your precious bay area don't have any sort of interesting insight (It's a Jeep thing; you wouldn't understand)? Your whole rant is pretty hilarious in this context. ...in fact just outright insulting whole people and companies... Yes, by all means. Attack the person you're replying to right before you dismiss all developers outside of your little geographical echo chamber as inferior. Finally, I'd like to apologize on behalf of all the stupid foreigners (read: non-Bay-Area-ites) who are offending you so badly with our deplorable misuse of the voting system. You're right; we're simply afraid that you're cutting down our sad little misconceptions about the big, scary world (which, of course, comprises solely the place where you live, as nothing else really matters). I'm not sure if you understand it, but your attitude is a big part of the reason some of us would never, ever move there. I'm sure you find this just peachy, which would also be your own failure.

by cletus 13y ago

They buried the lead... Zynga has $527M?? Much like Sauron's tower in Mordor that collapsed once the foe was vanquished, you kinda expected Zynga to implode once Pincus was ousted.

sheraz 13y ago

Hahahahah. You beat me to it. I had that exact same thought -- "Zynga has enough money or credit to do spend that much?"

fragsworth 13y ago

Their IPO left them with something like $2 billion in cash.

dblacc 13y ago
wow.. thats pretty impressive.
dopamean 13y ago
Correct, and the article states that after this deal they're left with about 1.2 billion on hand.

brianchu 13y ago

Pincus was not ousted. That's a really common misconception. Pincus still retains voting control over the company (much like Zuckerberg retains control over Facebook). Any changing of the guard that took place had to take place on his initiative. Now, there's no doubt that he felt pressure to leave from the stock market. But that's not an ouster.

adventured 13y ago

They had $1.1 billion in cash at the end of last quarter, with no real debt. They have another $425m in long term investments, but I'm not sure what that consists of.

jessedhillon 13y ago

I came here expecting to see something like this at the top position. Apart from the standard rant about how completely unconstructive criticism -- in fact just outright insulting whole people and companies from the safety of anonymity -- seems to rule around here, there are a couple of other things I'd like to say. HN would greatly benefit from a regional filter -- as in, a filter of which comments I read, not who can post them. WTF do I care what some guy in Australia thinks of a very prominent Bay Area employer? He doesn't have friends and neighbors who work there, we do. Geographic community still means something, and much of the news on HN happens in our locale. (Honestly, I have a difficult time taking any developer who doesn't live here seriously, but that's a different discussion.) Second, up/down voting is conflated with "makes me feel good/not good" -- a better system would allow feedback to be more nuanced: agree/disagree, insightful, well-researched, funny etc. So we could have filters on discussions for what's actually insightful, not just what gives people the fuzzy comfort of knowing their preconceptions can remain safe and unchallenged for one more day, because the world has made low someone who has actual accomplishments (and mistakes)

logicallee 13y ago
I agree wholehertedly. But let me in the bubble! The whole POINT of YCombinator is that the Bay Area ecosystem is going to be open to people flying in for it. So, turn off speech but let people enjoy the geographic bubble. Anyone who would go to the trouble of a Bay Area VPN is practically renting there already so they could be allowed in, small loss. I would support. As long as anyone can view the discussion without participation.
- jessedhillon 13y ago
  I meant a filter which I can apply when browsing comments. Not one preventing to restricting the ability to comment.
mildtrepidation 13y ago
(Honestly, I have a difficult time taking any developer who doesn't live here seriously, but that's a different discussion.) That's lovely. People outside your precious bay area don't have any sort of interesting insight (It's a Jeep thing; you wouldn't understand)? Your whole rant is pretty hilarious in this context. ...in fact just outright insulting whole people and companies... Yes, by all means. Attack the person you're replying to right before you dismiss all developers outside of your little geographical echo chamber as inferior. Finally, I'd like to apologize on behalf of all the stupid foreigners (read: non-Bay-Area-ites) who are offending you so badly with our deplorable misuse of the voting system. You're right; we're simply afraid that you're cutting down our sad little misconceptions about the big, scary world (which, of course, comprises solely the place where you live, as nothing else really matters). I'm not sure if you understand it, but your attitude is a big part of the reason some of us would never, ever move there. I'm sure you find this just peachy, which would also be your own failure.