Zynga’s Share Price Rises Ahead Of Quarterly Report

Zynga has been in need of positive news following a tumultuous 2012. We have reported on the social gaming giant’s roller coaster ride which included a massive share price drop, mass departures of top executives and job cuts. The tide could well be turning for Zynga with their quarterly results to be announced next week.

A great sign for the social gaming giant came when Zynga stock rose by 14% on Monday ahead of the anticipated solid results and were trading around $2.84.
Zynga has plans to enter the real money gambling market in the first half of 2013 which is what CEO Mark Pincus hopes will get them out of the woods and back as a strong global contender in the gaming world. As we reported Zynga laid off about 5% of its workforce in an attempt to streamline their operations.

With their online poker and casino sites in the process of being built the latest share price hike could be just a taste of what could follow. Investor confidence was at an all time low last year and it will take reports of good solid earnings to attract potential investors back. They have also had to fend for themselves a lot more as their once unbreakable partnership with social giant Facebook was changed to make both companies less reliant on each other.We will continue to follow Zynga’s progress carefully as they are a central player in both the social gaming and real money gambling world.

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