The Wall Street Journal broke an interesting story about Mark Pincus and his plans for Zynga employees. More detail can be found in these Huff Post Tech and Business Insider posts. After many delays, it was expected that the Zynga IPO would be approved before Thanksgiving. The prediction has been delayed again until sometime before the end of the year. This Business Insider post gives some insight on the reasons for all the delays.
Thanks to Van Ong, Nathan Stehle for posting these articles on the Mafia Wars Loot Lady Fan Page and to Lynn for posting in the PAC room.
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Article written by Jennifer Patterson, Creator of the MW Loot Lady Blog, The Mafia Wars Loot Lady Facebook Fan Page and Co-Host of The Informant Podcast. |
wow if thats true then pincus is a real jerk and deserves to be iced!
ReplyDeleteNo wonder Zynga employees don't give a rat's ass!
ReplyDeleteEmployees got zynda'd too ;-)
ReplyDeletethis pincus guy is as greedy as pigs...
ReplyDeletewhat a guy!!!
Seriously? Pincus is going to be an instant Billionaire when Zynga goes public. What a greedy POS!
ReplyDeleteI'm so happy that I have nothing to do with this freak show of a company now that I've quit playing Mafia Wars and any other Zynga game.
The IPO is getting bad reviews tech IPOs generally sell out at price or a premium on day 1 or the first few minutes this one may not . it's a no buy by all the brokerage houses i use unless they sell 51% . This is a sign of advisers thinking the management needs to be changed . Posts here have shown MW average dau declining zynga's previous most profitable game . Farmville is holding fairly steady but it doesn't have the players like MW .MW players are more likely to spend money than farmville player due to MW competitive nature.
ReplyDeletethe decline in income will be shown after the "quite period" pre IPO ends .
My bet they either go 51% and pincus cashes out or the IPO crashes and burns then they go 51%