Posts tagged as: farmville

Zynga plans to write off OMGPOP, lowers its revenue forecast for Q3

The creator of Farmville, Zynga released the guidance for third quarter earnings on Thursday, citing lower revenues for the term due to lack of interest in its online games. Moreover, the company also announced that it will write down in tune of $95 Million as impairment charges on its recently purchased game developing company OMGPOP. […]

Zynga IPO goes north, a big dip in the graph on first day of trade – Part 2

The company’s main stream business is virtual commodities sale on FarmVille, like tractors, land, seeds and whatnot. These articles though make a huge sum of money for Zynga, many tout it as non-existent. However, this is a propaganda created by some tech and trade geeks. FarmVille tractor is no more virtual than a 1000 songs […]

Zynga IPO goes north, a big dip in the graph on first day of trade – Part 1

Zynga Inc. announced its Initial Public Offering on December 16 to raise a Billion dollars in capital. However, the online gaming company’s equity quest did not go well on the first day of the business. Initiated at $10 a share, the market took the offer lightly and the share price went down 5 percent  within […]

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