Zynga Shares Slide After Release Of Two New Games

News iPhone Casual Apple

Ever since going public, Zynga has seen a mixed performance on the stock market. Lately, they have seen a drop in their shares with the release of their first mobile game Scramble With Friends. It had closed at $8.91, which is near its lowest share price since debuting in mid-December at $8.72. When the company did debut, they sold 100 million shares at $10 per share to raise $1 billion dollars (which is really overvaluing themselves, don’t you think). However, at the back of two new releases (the other one being Hidden Chronicles, another Facebook game), this drop has been seen as unexpected.

Despite the drop and the rough start, the Facebook and phone game development company has been performing quite consistently on the NASDAQ, shaking off the rumours of poor workplace conditions and poor customer support. I do not know how Zynga will survive, however, if the Facebook gaming scene suddenly pops out of existence. Will they shift to a more mobile focus? Possibly, but reliance on Facebook as a platform is quite risky, yet it seems they are getting their reward… for now.

However, after finding out on this particular application (Scramble With Friends), I am appalled with what Zynga has done. The games goes by tokens (you start with sixteen) and you must use one to play one round. After all of those tokens are gone, then you either wait for 15 minutes for more tokens or pay to get more tokens instantly. This is on top of the fact that the ad free version is $2.99. I hope that we do not, as a gaming community, end up using the Zynga model of business for our games, because it holds the player ransom until they cough up their hard earned cash.

Source: Gamasutra

Josh is the name, writing is my game... well my degree will say that. But, when uni gets me down (and it does), there is no better way that to grab a chair, sit back and slicing up some Darkspawn I started my gaming interest back in the good old 16 bit era with the Sega Mega Drive and Sonic The Hedgehog 2. I was roughly five years old. To this day I still try to fire up the dusty companion and speed through the wacky and bright levels, jumping on some Badniks, collecting those damn Chaos Emeralds. Then I moved onto Sony's disk based console the Playstation (thanks to my uncle). Since then I have picked up each of Sony's consoles from the 5th to current generation that has been released in Australia (with more to come). In terms of writing about games, I am quite new to the field. I started out late last year with my own blog before deciding to move to greener pastures. I have written a few reviews for the Playstation 3 and Playstation Portable. Features as well. I hope I can flex my muscles while writing with Capsule Computers. If I'm not gaming, however, I'm writing narratives. I am currently trying to kickstart a high fantasy novel (which, hopefully, turns into a complex RPG) that I want done in five years or so. My passion of writing has been there for a long time and has flourished as I grew. I'm into the fantasy genre, both games and novels, and thoroughly enjoy a deep and complex RPG, whether it comes from the East or West. Oh and anime is awesome!
  • Ducks-R-Gr3at

    i hate how these idios make games, and this one isn’t any better than their last few games.  Having to wait for 15 mins to play again when all your tokens run out is retarded.  I’m not even going to waste my time with it or any of the other crappy facebook games out there.

Lost Password