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Zynga Posts $85 Million Loss

Illustration for article titled Zynga Posts $85 Million Loss

Love-to-hate-em social game developer Zynga has posted a loss of $85.4 million during the period of January-March 2012.

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Recent months have proven to be a rough patch for the company, with strife breaking out after their acquisition of Draw Something developer OMGPOP and insiders, including the company's founder, looking to unload their stock.

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Zynga spent the quarter moving slowly away from Facebook and focusing on mobile games like Words With Friends and Drop 7, as well as acquiring OMGPOP and releasing their own social network.

Will this plan help the company turn profitable again?

[Insert joke about telling X number of friends to help the company turn profitable again.]

Zynga hit with $85 Million Loss [Edge]

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DISCUSSION

mr-moister
Mr. Moister

People posting stuff like "pwned" and "good riddance" make me wonder if this is much better than Facebook.

How many people know why Zynga sucks, and don't just hate them because that random guy they met on the street posted a status about everyone hating them and said "if you care about gaming post this as your status and you won't get Space AIDS"?

Also, I'm on the side of people saying this isn't indicative of a long-term loss. They acquired a lot of new properties which will probably get them more in the long-run as they milk them dry.