Tag Archives: Mark Pincus
Zynga Is Sitting On $1.8 Billion In Cash
Zynga recently went public and now they are sitting on a cash pile of $1.8 billion. Zynga CEO Mark Pincus and M&A chief Barry Cottle told Bloomberg that they are looking for the next OMGPOP and they plan to do several big deals of the next few years.
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Categories Barry Cottle, Mark Pincus, Zynga
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Zynga CEO: I Think Failing Is The Best Way To Keep You Grounded
Mark Pincus is an inspiration to startup entrepreneurs that are in the social gaming market. He recently had a conversation with Brad Stone at BusinessWeek to discuss how his shortcomings made him the man he is today.
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Categories Mark Pincus, Zynga
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Zynga Expected To Raise Between $850 Million and $1.15 Billion In IPO
Zynga has filed documents with the SEC this morning which indicates that they are planning on raising between $850 million and $1.15 billion in their public offering. This is about $15 million more than their previous estimates.
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Zynga CEO Mark Pincus Demands Stock Back From Employees
Zynga CEO Mark Pincus is preparing his company to have an initial public offering. However he is now scrambling to get back some of the stock options that he distributed from some of his early employees. According to several Wall Street Journal sources, Mark Pincus decided last year that they needed to get back some of their stock options. Pincus approached some employees and told them to either return the options or get fired.
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Categories Mark Pincus, Zynga
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Kleiner Perkins Rejected Zynga Twice Before Investing
Kleiner Perkins Caufield & Byers almost missed out on investing in Zynga. It turns out that KPCB rejected investments in Zynga… twice. Now KP partner John Doerr said “Zynga is the largest, most rapidly growing, most profitable company, with the most happy customers that Kleiner’s ever invested in over it’s life.”
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About 320 Million People Have Played Zynga Games
At the Web 2.0 conference, Zynga CEO Mark Pincus revealed an interesting number. About 320 million people have played Zynga games thus far.
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Categories Facebook, Mark Pincus, Zynga
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Zynga’s Valuation Hits $5.51 Billion On SharesPost
Social gaming company Zynga has hit a $5.51 billion valuation on SharesPost Inc. Given this valuation, it means that Zynga is essentially worth more than Electronic Arts. Electronic Arts is worth about $5.16 billion on the stock market.
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Categories EA, Electronic Arts Inc., Mark Pincus, SharesPost Inc., Zynga
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Aww, Facebook and Zynga Make Up Through 5 Year Agreement
Facebook and Zynga have made a 5 year partnership to keep Zynga’s games on the social network company’s platform. Recently it was rumored that Zynga was planning to break away from their dependence on Facebook by starting a social network of their own. This was because Facebook was taking too much of a commission from the sales of Zynga’s virtual goods.
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Categories Facebook, Mark Pincus, Zynga
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Zynga May Separate Games From Facebook By Launching Zynga Live
Zynga and Facebook’s relationship with each other may be at a tumultuous point. The level of stress associated with both companies is said to be “intense.”
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Categories Facebook, Mark Pincus, Zynga
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PETA Gets Zynga To Remove Pit Bulls As A Weapon On Mafia Wars
Zynga used to have a Pit Bull weapon on the social networking game Mafia Wars. However the animal-as-a-weapon was removed due to a request by a letter from the People for the Ethical Treatment of Animals (PETA). PETA argued that using a domestic animal as an attack dog could lead to the abuse of real-life pit bulls.
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