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Steve Jobs Told Zynga In-App Purchases Were 'Stupid.' 15 Years Later, The 'FarmVille' Creator Lands Biggest Video Game Deal Ever
Sunday, November 27, 2022 - 10:48am | 596One of the biggest news items of early 2022 was Take-Two Interactive Software, Inc.'s (NASDAQ: TTWO) $12.7-billion acquisition of Zynga. Zynga founder Mark Pincus shared the story of the company's early days and some lessons along the way. What Happened: The mobile game company,...
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Joby Aviation Lands SPAC Deal To Bring Urban Air Mobility Company Public
Wednesday, February 24, 2021 - 5:24pm | 702Urban air mobility company Joby Aviation is the latest company in the growing industry going public via a SPAC. The SPAC Deal: Joby Aviation is going public with Reinvent Technology Partners (NYSE: RTP), a SPAC led by Reid Hoffman and Mark Pincus. The deal values the company at a post money...
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Mark Pincus, Reid Hoffman Launch Third SPAC: What You Need To Know
Tuesday, February 16, 2021 - 11:56am | 538Two legendary investors are launching a third SPAC to find a high growth private company that can benefit from their experience. What Happened: Mark Pincus and Reid Hoffman filed to launch Reinvent Technology Partners Y (NASDAQ:RTPY) on Friday. Units will trade as RTPYU and include one common share...
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Seth Klarman Bets Big On Bill Ackman, Other SPACs
Monday, November 16, 2020 - 4:00pm | 356Hedge fund manager Seth Klarman revealed several investments in SPACs during the third quarter, including a big bet on the largest SPAC from Bill Ackman. What Happened: A 13F filing from the third quarter reveals Klarman's Baupost Fund took a new 17.5 million-share stake in Pershing Square...
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LinkedIn Founder And Zynga Founder Team Up On New SPAC
Tuesday, September 1, 2020 - 2:23pm | 435The SPAC market continues to heat up with famous investors and former CEOs getting involved. Reid Hoffman and Mark Pincus are behind Reinvent Technology Partners (NYSE:RPU), a new technology SPAC. The Leadership Team: Hoffman and Pincus met in 2002 and have been involved in numerous projects...
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Historical Analysis: Do Returning Founder CEOs Boost A Company's Stock Price?
Friday, April 8, 2016 - 12:49pm | 381Twitter Inc (NYSE: TWTR) and Pandora Media Inc (NYSE: P) are the latest companies hoping that a blast from the past can kick-start their businesses. Both companies are struggling with generating profits, and both have recently named founders of the company to the CEO position in an effort to turn...
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Zynga Gains 5% On CEO Change
Wednesday, March 2, 2016 - 8:34am | 192Shares of Zynga Inc (NASDAQ: ZNGA) were trading higher by more than 5 percent early Wednesday morning after the company appointed a new CEO. Zynga announced after Tuesday's market close that Frank Gibeau will replace Mark Pincus as CEO, effective March 7. Gibeau joined the company in 2015 as a...
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Is Zynga A Penny Stock?
Thursday, April 23, 2015 - 8:55am | 589Zynga Inc (NASDAQ: ZNGA) was once considered to be a powerful force in online game development, thanks in part to the "FarmVille" franchise. That changed when the company started losing players, which prompted Zynga to layoff several employees. Now the game studio, which once traded...
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Mark Pincus Only Adds More Questions For Zynga, Jefferies Says
Thursday, April 9, 2015 - 10:37am | 181In a report published Wednesday, Jefferies analyst Brian Pitz commented on Zynga Inc (NASDAQ: ZNGA) naming its founder and Chairman Mark Pincus to replace Don Mattrick and assuming the CEO role, effective immediately. According to Pitz, the announcement is a negative as the change in management...
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Is Zynga Stock A Buy Under 'New' CEO?
Thursday, April 9, 2015 - 8:57am | 258Zynga Inc (NASDAQ: ZNGA) founder Mark Pincus surprisingly took back the helm of his company Wednesday, forcing CEO Don Mattrick, a Microsoft Corporation veteran, to resign. The one-year experiment without Pincus at the helm did little to revive the company; instead, the stock is down nearly 31...
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Why Zynga Needs Fresh Blood, Not Former CEO Mark Pincus
Wednesday, April 8, 2015 - 4:55pm | 545Mark Pincus, founder and chairman of Zynga Inc (NASDAQ: ZNGA), has returned to his role as the company's CEO. This decision might surprise some investors, who wondered if former Microsoft Corporation (NASDAQ: MSFT) exec Don Mattrick could take the company to the next level. Cody Willard,...
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Zynga Reports Q1 Earnings; Shares Up
Wednesday, April 23, 2014 - 5:02pm | 156On Wednesday April 23, 2014, Zynga (NASDAQ: ZNGA) announced its first quarter earnings. Shares of the company are up 4.75 percent or $0.22 per share in after-hours trading to $4.64. For this quarter the company posted a net loss of $61 million, which included a 30 million restructuring charge....
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Zynga Real-Money Online Gambling Comes to Facebook (FB, ZNGA)
Wednesday, July 10, 2013 - 1:44pm | 714Gambling, in both the online and physical worlds is all about generating excitement. Zynga (NASDAQ: ZNGA) hoped to generate some excitement of its own Wednesday as it prepared to unwrap its real-money gambling apps for Facebook (NASDAQ: FB) and for mobile. San Francisco-based, Zynga said that...
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Five Reasons Yahoo Shouldn't Buy Zynga
Tuesday, March 12, 2013 - 12:16pm | 543Yahoo (NASDAQ: YHOO) is rumored to be interested in a bid for Zynga (NASDAQ: ZNGA). At least one analyst, Wunderlich's Blake Harper, believes that Zynga has officially become a possible takeover target for the firm, along with Yelp (NASDAQ: YELP) and OpenTable (NASDAQ: OPEN). As the owner of the...
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The 8 Most Controversial CEOs in America
Wednesday, January 23, 2013 - 2:20pm | 1593There are a number of controversial CEOs on Wall Street. Any number of different personality quirks, management styles or missteps can gain you admission to the "most controversial club." One reason for this is likely because of the eccentric personalities displayed by many entrepreneurs. At...