| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
1,133 |
| Employees |
2,294 |
| Revenues (TTM) (Millions $) |
2,811 |
| Net Income (TTM) (Millions $) |
-106 |
| Cash Flow (TTM) (Millions $) |
72 |
| Capital Exp. (TTM) (Millions $) |
21 |
Business Description
Zynga Inc. is an American social gaming company that was founded in 2007 and is headquartered in San Francisco, California. The company is best known for developing popular mobile and social games such as FarmVille, Words with Friends, and Zynga Poker, which have attracted millions of users worldwide. Zynga's games can be played on various platforms, including Facebook, iOS, Android, and the web.
The company was founded by Mark Pincus, who initially started as a casual gamer who was interested in developing social games. Pincus created a small team of developers and began developing games for Facebook, which had just begun to gain popularity in the early 2000s. Zynga's early success was largely due to the rise of social networking platforms, which enabled the company to reach millions of users. Early games such as FarmVille, Mafia Wars, and Zynga Poker quickly gained popularity and eventually became some of the most popular games on the Facebook platform.
Zynga's growth continued in 2011 when the company went public with an IPO of $1 billion. However, Zynga's stock soon plummeted after the company was unable to replicate the success of its early games. The company faced increasing competition from mobile gaming platforms, and its reliance on Facebook as a distribution platform became a liability. As a result, Zynga was forced to restructure, laying off hundreds of employees and discontinuing many of its less popular games.
Despite these setbacks, Zynga continues to be a leading developer of mobile and social games. The company has released several new games in recent years, including Words with Friends 2, Empires & Puzzles, and Merge Dragons! Zynga has also made strategic acquisitions of smaller game developers in order to expand its portfolio of games. In 2020, the company acquired Rollic, a Turkish mobile game developer, and Peak Games, a mobile gaming company based in Istanbul.
In addition to its games development, Zynga has also prioritized social causes such as pandemic relief and racial justice. The company has donated millions of dollars to various charities and organizations, including the World Health Organization and the NAACP.
Overall, Zynga is a social gaming company that has played a significant role in the development of the mobile gaming industry. Its success was driven by the rise of social networking platforms and the company's ability to leverage these platforms to reach millions of users. Despite facing challenges in recent years, Zynga remains a leader in the mobile gaming space, and it continues to develop and release popular games for users worldwide.
Company Address: 699 Eighth Street San Francisco 94103 CA
Company Phone Number: 449-9642 Stock Exchange / Ticker: NASDAQ ZNGA
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3.55% 