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(Gamasutra)   Zynga stock doing so poorly company considering applying for farm disaster assistance   (gamasutra.com) divider line 81
    More: Interesting, Wall St, Zynga, Words With Friends, game companies, disasters  
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6935 clicks; posted to Business » on 16 Oct 2012 at 11:31 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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vpb [TotalFark]
2012-10-16 08:27:34 AM
Wasn't this the company that tried to take back the stock it had given to employees in lieu of pay by threatening to fire them if they didn't give it back?
 
2012-10-16 08:39:09 AM

vpb: Wasn't this the company that tried to take back the stock it had given to employees in lieu of pay by threatening to fire them if they didn't give it back?


Yep. Karma's a biatch.
 
2012-10-16 09:55:02 AM
Bankruptcyville!
 
2012-10-16 11:32:06 AM
What do you expect of a company that releases amusing games and then "fixes" them every day until they're broken.
 
2012-10-16 11:32:27 AM
I can't be the only one who had to Google to figure out exactly what Zynga does right?
 
2012-10-16 11:35:49 AM
www.demotivatingposters.com
 
2012-10-16 11:36:34 AM
Oh man, if they go under where will I be able to spend hundreds of dollars on Mafia weapons??
 
2012-10-16 11:39:24 AM
I always sort of wondered how they became so successful in the first place. I thought their games were fairly uncompelling.
 
2012-10-16 11:40:56 AM

vpb: Wasn't this the company that tried to take back the stock it had given to employees in lieu of pay by threatening to fire them if they didn't give it back?


I heard this is a mischaracterization; they didn't take any vested stock options from employees, but may have demoted some employees (based on performance) which may have resulted in fewer unvested stock options for said employees...
 
2012-10-16 11:42:35 AM
You mean, people PAY for games on phones? Now that is funny.

Pay to remove adds?
Pay to get unlocks?
Pay out the nose to play a game that lasts all of an hour?
 
2012-10-16 11:43:29 AM
Also, die Zynga die.
 
2012-10-16 11:43:36 AM

Smeggy Smurf: What do you expect of a company that releases amusing games and then "fixes" them every day until they're broken.


Or they buy up a relatively decent game and then add so many ads to it that it becomes unplayable?
 
2012-10-16 11:44:51 AM
Mark Pincus has never been someone who follows the same path as the rest of the video game industry,

To paraphrase MacBeth: "Aye, in the catalog ye go for video games. As hounds and greyhounds, mongrels, spaniels, curs..."

He's his own industry of "blatant rip offs that aren't imaginative
 
2012-10-16 11:44:58 AM
So....

1) IPO to much fanfare
2) Pincus sells hundreds of millions of dollars worth of stock
3) Wall St wakes up, stock price plummets
4) A year or so after the IPO, Pincus and crew buy up the outstanding shares for pennies on the dollar and take Zynga private once again

Nice trick.
 
2012-10-16 11:45:32 AM
I saw the CEO guy on some news show, and he acted like the most insufferable of insufferable douche bags.
I don't wish ill will on anyone, but the schadenfreude I'm feeling on this is immense.

They expanded way too quick. How does anyone in his position think this will last? You're going to build an empire... out of a stupid game app thing? Sell it to a sucker and retire. How can anyone not see that?
 
2012-10-16 11:45:45 AM

styckx: I can't be the only one who had to Google to figure out exactly what Zynga does right?


Probably.
 
2012-10-16 11:48:13 AM
Let them run real money online poker in the US.

/no ??? just profit
//oh please please please
 
2012-10-16 11:49:20 AM

sure haven't: I saw the CEO guy on some news show, and he acted like the most insufferable of insufferable douche bags.
I don't wish ill will on anyone, but the schadenfreude I'm feeling on this is immense.

They expanded way too quick. How does anyone in his position think this will last? You're going to build an empire... out of a stupid game app thing? Sell it to a sucker and retire. How can anyone not see that?


If it make you feel any worse, this Pincus guy has a $16m mansion in San Francisco and will come out of all this a verty wealthy man.
 
2012-10-16 11:49:26 AM
I never understood why people loved Farmville so much. What's the thrill in harvesting a crop or tending to a farm? Well, I gotta stop farkin' so I can go play Guild Wars 2... I have some ore to mine, trees to chop, and vegetables to gather....

guides.gamepressure.com
 
2012-10-16 11:50:15 AM
They spread themselves thin with too many bloody games. They took their existing games that are popular and made them overly full of too much crap. And seriously, they are taking advantage of crazy people who would pay $30 for a single tiny limited edition farm animal made out of pixels. Should have stuck with their core popular games on Facebook and not farked them up by making them user unfriendly and convoluted.

And there might be riots among the elderly if they do what Meteor games did with their Facebook games : simply stopped updating, then turned the servers off several months later while still taking cash payments for premium items in the games right to the last minute.
 
2012-10-16 11:50:24 AM

sure haven't: I saw the CEO guy on some news show, and he acted like the most insufferable of insufferable douche bags.


Oh he is. This is the same guy who told his employees not to innovate; simply to steal successful little games from indie writers and turn them into adware sponsored crapoliths.
 
2012-10-16 11:50:41 AM

arcas: So....

1) IPO to much fanfare
2) Pincus sells hundreds of millions of dollars worth of stock
3) Wall St wakes up, stock price plummets
4) A year or so after the IPO, Pincus and crew buy up the outstanding shares for pennies on the dollar and take Zynga private once again

Nice trick.


Basically that, but it was known in the IPO that Pincus would have the option to sell right away... anyone who actually did their homework and saw how he managed the support.com IPO into the ground would have known better than to buy any shares of Zynga. All he was doing was correcting the mistakes that cost him money the first go around, other than that, the gameplan was exactly the same.

/stupid investors lost their money
//welcome to the stock market.
 
2012-10-16 11:50:49 AM
Chapter 11 with Friends.
 
2012-10-16 11:51:49 AM

Scorpitron is reduced to a thin red paste: sure haven't: I saw the CEO guy on some news show, and he acted like the most insufferable of insufferable douche bags.
I don't wish ill will on anyone, but the schadenfreude I'm feeling on this is immense.

They expanded way too quick. How does anyone in his position think this will last? You're going to build an empire... out of a stupid game app thing? Sell it to a sucker and retire. How can anyone not see that?

If it make you feel any worse, this Pincus guy has a $16m mansion in San Francisco and will come out of all this a verty wealthy man.




/hot
 
2012-10-16 11:52:48 AM

sure haven't: Scorpitron is reduced to a thin red paste: sure haven't: I saw the CEO guy on some news show, and he acted like the most insufferable of insufferable douche bags.
I don't wish ill will on anyone, but the schadenfreude I'm feeling on this is immense.

They expanded way too quick. How does anyone in his position think this will last? You're going to build an empire... out of a stupid game app thing? Sell it to a sucker and retire. How can anyone not see that?

If it make you feel any worse, this Pincus guy has a $16m mansion in San Francisco and will come out of all this a verty wealthy man.



/hot


Hmm, Fark didn't like that one. Here's attempt #2:

i220.photobucket.com
 
2012-10-16 11:54:14 AM
their stock is now worth less than their buildings, equipment and cash.
 
2012-10-16 11:55:32 AM

PsyLord: I never understood why people loved Farmville so much. What's the thrill in harvesting a crop or tending to a farm? Well, I gotta stop farkin' so I can go play Guild Wars 2... I have some ore to mine, trees to chop, and vegetables to gather....

[guides.gamepressure.com image 640x471]


Goober. All my cool friends and I are playing WoW, and I'll have guild feasts just as soon as I get exalted with the TillersOHFROGDAMMIT.
 
2012-10-16 11:56:28 AM
FTFA Mark Pincus has never been someone who follows the same path as the rest of the video game industry,

1) Cocaine is a hell of a drug.

2. That's all he does, rip off the same path as the rest of the video game industry... the guy has precisely 0 original thoughts.
 
2012-10-16 12:00:20 PM

SuperT: their stock is now worth less than their buildings, equipment and cash.


If that's truly the case, we should buy them out.
 
2012-10-16 12:01:11 PM
I just got an e-mail from Zynga customer support asking me why it had been so long since I played Farmville. This was the reply I sent:

I did most of my "farming" using Express on my mobile phone. For a few weeks straight the ability to successfully farm crops flat out died. I would spent 10 or 20 minutes clicking "Harvest and Replant" only to have the page reload and find almost everything I'd been doing had been undone. This happened regardless of the quality of my Internet connection.

The straw that broke the camel's back was when I paid FarmCash to get early access to the Halloween themed world, only to find I couldn't actually harvest and replant crops in it from the Express interface. To make matters worse, if it was the last farm I was in on my desktop, I couldn't switch farms at all on Express.

The shoddy programming and unreliable nature of the Express interface made the game unplayable. I lost interest. The experience soured me not just on Farmville, but on Zynga games in general. These days if I see a Zynga game that looks interesting, I look up what earlier game you ripped off to create it. That was how I discovered Tiny Tower.


I can thank Zynga for introducing me to Tiny Tower, so they have that going for them.
 
2012-10-16 12:03:22 PM
I'm just glad the company is not Too Big To Fail so the taxpayers are not obligated to bail them out.
 
2012-10-16 12:04:51 PM
Fark didn't like the link, but it's worth reading (copy/paste, remove spaces):

http://www.forbes.com/sites/insertcoin/2012/08/08/a-photo-retrospecti v e-of-the-games-developers-claim-zynga-has-cloned/
 
2012-10-16 12:06:33 PM

Tanthalas39: SuperT: their stock is now worth less than their buildings, equipment and cash.

If that's truly the case, we should buy them out.


outstanding shares are less than a controlling interest... it's a pointless stock to own... you get shares of a business that has no value, you don't actually get any input so it might get value, and you get a CEO who is pretty clearly using every outside investor as an opportunity to cash himself out. There is absolutely no upside at all to dumping money in Zynga, and if you've already invested, the best thing you can do is sell it, take your loss, learn your lesson, and walk away.
 
2012-10-16 12:10:06 PM

Ivo Shandor: Fark didn't like the link, but it's worth reading (copy/paste, remove spaces):

http://www.forbes.com/sites/insertcoin/2012/08/08/a-photo-retrospecti v e-of-the-games-developers-claim-zynga-has-cloned/


lulz, but I was assured by TFA that Zynga does nothing like the rest of the gaming industry.
 
2012-10-16 12:16:10 PM
This is what happens when you sell people transient bytecode instead of an actual product.
 
2012-10-16 12:20:50 PM

Flakeloaf: sure haven't: I saw the CEO guy on some news show, and he acted like the most insufferable of insufferable douche bags.

Oh he is. This is the same guy who told his employees not to innovate; simply to steal successful little games from indie writers and turn them into adware sponsored crapoliths.


I knew we were thinking of the same guy. Didn't he also brag about his first set of games brought him millions because they were loaded with spyware?
 
2012-10-16 12:22:46 PM

halleyscomet: I can thank Zynga for introducing me to Tiny Tower, so they have that going for them.


They made a tiny tower clone? I liked Tiny Tower. For a month. Never bought anything. F2P is stupid.
 
2012-10-16 12:25:34 PM
Wait, isn't this the plot to "The Hudsucker Proxy"?

1) Crash the company stock
2) Buy back the company stock
3) Stop being tools and run the company correctly
4) Stock price rises
5) Profit
 
2012-10-16 12:26:03 PM
Zynga...the sound the company makes every time they convince some poor schmuck to shell out real money for one of their CLICK CLICK CLICK CLICK CLICK games.

Alternative definition: see Sheldon from "Big Bang Theory", though his definition is similar...fooled you again
 
2012-10-16 12:30:18 PM
www.farmvillemovie.com

solution: sell hot air balloon to pawn shop for $30,000
 
2012-10-16 12:34:59 PM

Duke Phillips' Singing Bears: halleyscomet: I can thank Zynga for introducing me to Tiny Tower, so they have that going for them.

They made a tiny tower clone? I liked Tiny Tower. For a month. Never bought anything. F2P is stupid.


I'll play it for a few weeks and then forget about it. It's an amusing diversion while riding the train.

Minecraft Pocket Edition is my new commuting time crack.
 
2012-10-16 12:37:29 PM
I don't even by single stocks anymore...single-person or HHLD "investors" are a joke to Wall St. - all the power in determining stock price are the institutional investors that own millions of shares.
 
2012-10-16 12:53:34 PM

jayphat: Flakeloaf: sure haven't: I saw the CEO guy on some news show, and he acted like the most insufferable of insufferable douche bags.

Oh he is. This is the same guy who told his employees not to innovate; simply to steal successful little games from indie writers and turn them into adware sponsored crapoliths.

I knew we were thinking of the same guy. Didn't he also brag about his first set of games brought him millions because they were loaded with spyware?


Does a soft bell ding when I'm correct for five points?
 
2012-10-16 12:58:33 PM
My limited experience with Zynga games was in the early Mafia Wars fad.

It was fun for a little while. Heck, I started playing it on Myspace in late '07 before that completely died, then moved over to FB in 2008.

The problem was the treadmill effect. No matter how much time, no matter how much effort or money you sink into the game you're always going to be outgunned by even more obsessed players, and you can never even get close to maxing out the game or "completing" anything. Before I could finish New York, Cuba was out. Before I could even get close to finishing Cuba, the next city was out (Bangkok I think). By the time they were up to Brazil, I had lots of places, none closed to complete, and still could never win in PvP despite having a full-size mafia.

Then they released the mobile version. . .which was completely standalone and didn't let you access or use your regular mafia, it was starting a whole new game. Lame.

Then there were the zillion other "ville" games I was being pestered to try. YoVille, FrontierVille, CastleVille. . .with constant harassing requests from my friends because they needed X number of people to help them do something. I started blocking those apps with zeal and passion.

Basically I realized that you can never get ahead, never win, and never get any sense of accomplishment.

At least in an MMORPG you can hit the maximum level, you can explore a world, you can do something more. When I play WoW or DDO I at least feel like it's something more than a mindless money-hungry time-sink (even if it's not an entirely inaccurate description, it's a lot more fun).
 
2012-10-16 12:59:38 PM

PsyLord: I never understood why people loved Farmville so much. What's the thrill in harvesting a crop or tending to a farm? Well, I gotta stop farkin' so I can go play Guild Wars 2... I have some ore to mine, trees to chop, and vegetables to gather....

[guides.gamepressure.com image 640x471]


Oh shiat, so you're one of the 12 other people who play that isn't a bot.
 
2012-10-16 01:07:42 PM
Ba-Zynga?
 
2012-10-16 01:22:46 PM
These days, I'm quite suspicious of any company that has an IPO that wasn't forced upon them (for example, Google went public because there's a rule if you give more than a certain number of employees stock options you are forced to go public, not because they actually needed the IPO cash).

That is, compare Zynga to Valve. Valve is a private company, mostly owned by one guy. But they are printing money via their actual business, and since they are printing money, they don't need IPO cash. Zynga only printed money by hyping up their IPO, not because their actual business was profitable.

Groupon is another example of this sort of "hype the company to make IPO cash as opposed to making something that sells to make cash the normal way".
 
2012-10-16 01:25:32 PM
bazinga.
 
2012-10-16 01:26:29 PM

Silverstaff: My limited experience with Zynga games was in the early Mafia Wars fad.

It was fun for a little while. Heck, I started playing it on Myspace in late '07 before that completely died, then moved over to FB in 2008.

The problem was the treadmill effect. No matter how much time, no matter how much effort or money you sink into the game you're always going to be outgunned by even more obsessed players, and you can never even get close to maxing out the game or "completing" anything. Before I could finish New York, Cuba was out. Before I could even get close to finishing Cuba, the next city was out (Bangkok I think). By the time they were up to Brazil, I had lots of places, none closed to complete, and still could never win in PvP despite having a full-size mafia.

Then they released the mobile version. . .which was completely standalone and didn't let you access or use your regular mafia, it was starting a whole new game. Lame.

Then there were the zillion other "ville" games I was being pestered to try. YoVille, FrontierVille, CastleVille. . .with constant harassing requests from my friends because they needed X number of people to help them do something. I started blocking those apps with zeal and passion.

Basically I realized that you can never get ahead, never win, and never get any sense of accomplishment.

At least in an MMORPG you can hit the maximum level, you can explore a world, you can do something more. When I play WoW or DDO I at least feel like it's something more than a mindless money-hungry time-sink (even if it's not an entirely inaccurate description, it's a lot more fun).


So much this. I Completed each of the Cities, usually soon after the new one came out and I got strong enough to kick ass on anyone who was close to my level (close to 4000 when I quit). But between the nagware to play the other Ville games and the lack of any real accomplishment it just got monotonous. Once I realized that I was just spinning through the game waiting for something to happen, and nothing new had in the last year, I quit, blocked the game, and unfriended about 2000 mafia wars "friends". What a massive waste of time.
 
2012-10-16 01:39:29 PM
Every Zynga game ever:

www.wireheading.com
 
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