Arab Today, arab today worker stock compensation sucks profit out of zynga
Last Updated : GMT 13:42:01
Arab Today, arab today
Arab Today, arab today

Worker stock compensation sucks profit out of Zynga

Arab Today, arab today

Arab Today, arab today Worker stock compensation sucks profit out of Zynga

San Francisco - AFP

Facebook game star Zynga saw its stock market price sink after its first earnings report as a public company showed employee stock compensation turned profit into loss by the end of 2011. The San Francisco firm\'s revenue last year nearly doubled to $1.14 billion but the profit on the books at the end of the third quarter was wiped out by a $435 million loss posted in the final three months of the year. Zynga ended the year with a net loss of $404.3 million, which included more than half-billion dollars in stock compensation workers earned instead of cash at the startup. Its stock price dropped more than six percent to $13.35 a share in after-hours trading that followed release of the earnings figures. Zynga jumped into the stock market with a billion-dollar listing in December. Offering 100 million shares -- one-seventh of the company\'s total -- at $10 a pop, the maker of Facebook games FarmVille, Zynga Poker and Words With Friends was valued at a whopping $7 billion. Zynga\'s billion-dollar entrance was the largest Internet IPO offering since Google went public in 2004, surpassing online bargain service Groupon, which raised $700 million when it went public last year. Despite concerns by some analysts that new Internet stars are being precariously overvalued, Zynga\'s stock was snapped up quickly. Zynga games are free to play but the company makes money by selling virtual in-game goods to players and serving up advertising. The games developer boasts around 240 million players per month in 175 countries, dwarfing its social gaming competitors. \"We are seeing social games and more broadly play become one of the most popular pastimes on web and mobile,\" said Zynga founder Mark Pincus. \"Zynga set new records in the year in terms of audience size, revenues and bookings,\" he continued. \"We saw great momentum in mobile and advertising and ended the year with a strong pipeline of new games.\" Founded in 2007, the San Francisco-based software company makes notoriously addictive games which run on top of social networking site Facebook. In a recent filing for an initial public offering of stock later this year, Facebook noted that Zynga accounts for 12 percent of the revenue at the world\'s leading online social network. Zynga investors appeared unhappy with a prediction by executives that revenue would be \"weighted to the end\" of this year in a sign that the company\'s newer games would take some commitment from players before bringing in cash. Zynga also expected to spending more on developing games and its own online neighborhood for people to play in. Zynga is building a game-themed social network in a move that promises to reduce its dependence on Facebook. Chief operating officer John Schappert, a former executive at videogame titan Electronic Arts, promised that Zynga\'s online community would be \"the most connected social gaming site in the world.\" \"We continue to make good progress and will bring it out when it is ready; which, hopefully, will be soon,\" Schappert said in an earnings conference call. Zynga has seen tremendous growth in the number of people playing its games on smartphones or tablet computers, and is getting better at turning \"players into payers\" after hooking them on free games, according to executives. Schappert saw \"interesting opportunity\" in the potential to make money with its globally popular Zynga Poker if rules are loosened regarding online gambling.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today worker stock compensation sucks profit out of zynga Arab Today, arab today worker stock compensation sucks profit out of zynga

 



Arab Today, arab today
Arab Today, arab today Kanye West puts hijab-wearing model

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 17:36 2017 Monday ,13 February

Designer prepares to present 2017 collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday