Down from 2.90 to 2.60 after hours on the news. I wish them well but I think it will be a tough road ahead.
I worked for a company called Corel in early 2000. We had some really great people but the biggest drag on us was the fact that in the late 90s Corel released some really shitty versions of their software.
it was tough to come back from that and I fear this is the same issue that Zynga faces. Once you've obtained a negative image in peoples minds its very tough to change that perception.
Looking back on what Zynga did, it looks like early apple. They had a first mover advantage in a growing market, and just couldn't make the transition from their earliest products to new streams of revenue very efficiently.
So I guess this places them in a position close to the late 80s apple.
In my opinion Zynga has 2 big issues:
1) What does Zynga do now that Facebook has cut off their main driver for viral growth
2) How do they get back the large group of people who have been introduced to casual gaming and then left after their first year.
I worked for a company called Corel in early 2000. We had some really great people but the biggest drag on us was the fact that in the late 90s Corel released some really shitty versions of their software.
it was tough to come back from that and I fear this is the same issue that Zynga faces. Once you've obtained a negative image in peoples minds its very tough to change that perception.
Looking back on what Zynga did, it looks like early apple. They had a first mover advantage in a growing market, and just couldn't make the transition from their earliest products to new streams of revenue very efficiently.
So I guess this places them in a position close to the late 80s apple.
In my opinion Zynga has 2 big issues:
1) What does Zynga do now that Facebook has cut off their main driver for viral growth
2) How do they get back the large group of people who have been introduced to casual gaming and then left after their first year.