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It created hit games like \"Farmville\" and \"Words With Friends.\" Zynga moved its headquarters to a massive edifice at Eighth and Townsend streets in 2011, then bought the building the next year.\u003c/p>\n\u003cp>The building still impresses. It features a five-story atrium ringed with spacious catwalks and bold red walls. There is a glass elevator and lots of gleaming chrome.\u003c/p>\n\u003cp>A little after lunch, the place is quiet. A few employees are sitting around a table in front of emptied containers of food. Some are milling around the big TV. A 30-something guy shoots baskets on one of the arcade games in the lobby. You can hear the sound of a pingpong match somewhere down the hall.\u003c/p>\n\u003cp>Zynga’s business has taken a dive since 2012. Its stock value tanked and it has \u003ca href=\"http://ww2.kqed.org/news/2013/06/03/zynga-layoffs/\">laid off hundreds of employees\u003c/a>. The company has made some extra cash by leasing out empty office space to other tech companies. Now it is looking to sell the whole 670,000-square-foot building.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c!-- iframe plugin v.4.3 wordpress.org/plugins/iframe/ -->\u003cbr>\n\u003ciframe width=\"100%\" height=\"166\" scrolling=\"no\" frameborder=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/254669090&color=ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false\" class=\"iframe-class\">\u003c/iframe>\u003c/p>\n\u003cp>When Zynga moved in nearly five years ago, the building became something of a sensation. The Internet bubbled with stories \u003ca href=\"http://officesnapshots.com/2012/03/06/inside-zyngas-gigantic-gaming-headquarters/\">like this one\u003c/a> about the architecture, the 300-plus conference rooms, the Blue Bottle coffee. Vladimir Bosanac says Zynga set the bar for the city’s latest wave of tech companies.\u003c/p>\n\u003caside class=\"pullquote alignright\">'It became really a showplace not only for Zynga but what would become of tech space for San Francisco in the future.' \u003ccite>Vladimir Bosanac\u003c/cite>\u003c/aside>\n\u003cp>Bosanac says, “It became really a showplace not only for Zynga but what would become of tech space for San Francisco in the future.”\u003c/p>\n\u003cp>Bosanac is co-founder of \u003ca href=\"http://news.theregistrysf.com/\">The Registry\u003c/a>, a San Francisco real estate magazine. He says Zynga could hit the jackpot with the sale. Bosanac estimates the building is worth about double the $228 million Zynga paid for it. (\u003ca href=\"http://news.theregistrysf.com/zynga-to-put-headquarters-building-in-san-francisco-on-the-market/\">Here's a breakdown of his reasoning\u003c/a>).\u003c/p>\n\u003cp>“They bought at the right time, in early 2012 as we were coming out of the recession,” Bosanac says. “And they are looking to sell it at the right time.\"\u003c/p>\n\u003cp>Bosanac says it looks like we could be nearing the end of a boom cycle and that real estate prices might actually start coming down. This makes Zynga’s investment in the space look pretty savvy.\u003c/p>\n\u003cp>But UC Berkeley economist Kenneth Rosen sees it another way. “I would say Zynga was lucky.”\u003c/p>\n\u003caside class=\"pullquote alignleft\">'I would say Zynga was lucky.' \u003ccite>Kenneth Rosen,\u003cbr>\nUC Berkeley economist\u003c/cite>\u003c/aside>\n\u003cp>Rosen says it is a mistake for unproven young tech companies to buy real estate. Startups are notoriously risky, and if they fail, they would be on the hook for empty office space.\u003c/p>\n\u003cp>Startups “all think they are geniuses,” Rosen says, “They are geniuses who don't know how to make money, if you ask me. And they should not be in the real estate space.”\u003c/p>\n\u003cp>In recent years \u003ca href=\"http://ww2.kqed.org/news/2015/09/23/uber-comes-to-oakland-in-a-big-way\">Uber has bought real estate\u003c/a> in San Francisco and Oakland. But most young hot tech companies are leasing space. Take Twitter, Airbnb and Pinterest, for example. Rosen says it is smarter to rent, especially because he thinks we are headed for a tech and real estate market downturn. There are already \u003ca href=\"http://ww2.kqed.org/news/2016/01/15/party-on-everyone-but-remember-that-dot-com-bust\">indications of trouble\u003c/a> in the tech sector.\u003c/p>\n\u003cp>“Over the next two to three years, I expect to see a big correction in the valuations in these companies, which will lead to layoffs, a lot less job creation — maybe substantial job losses, and a real estate market correction follows thereafter,” Rosen says.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Zynga is not talking about the sale, only saying it plans to lease back space if the building sells. Then it would once again be like the other tenants in the building — small companies, renting out space, trying to make it big.\u003c/p>\n\n","blocks":[],"excerpt":"Zynga hopes to sell San Francisco headquarters that was once the envy of the startup world.","status":"publish","parent":0,"modified":1458770308,"stats":{"hasAudio":true,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":19,"wordCount":656},"headData":{"title":"What's Behind Zynga's Decision to Put Its Shiny HQ Up for Sale? | KQED","description":"Zynga hopes to sell San Francisco headquarters that was once the envy of the startup world.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"What's Behind Zynga's Decision to Put Its Shiny HQ Up for Sale?","datePublished":"2016-03-23T20:19:09.000Z","dateModified":"2016-03-23T21:58:28.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"10899325 http://ww2.kqed.org/news/?p=10899325","disqusUrl":"https://ww2.kqed.org/news/2016/03/23/whats-behind-zyngas-decision-to-put-its-shiny-hq-up-for-sale/","disqusTitle":"What's Behind Zynga's Decision to Put Its Shiny HQ Up for Sale?","path":"/news/10899325/whats-behind-zyngas-decision-to-put-its-shiny-hq-up-for-sale","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>Remember Zynga?\u003c/p>\n\u003cp>The company was once a darling of the startup world. It created hit games like \"Farmville\" and \"Words With Friends.\" Zynga moved its headquarters to a massive edifice at Eighth and Townsend streets in 2011, then bought the building the next year.\u003c/p>\n\u003cp>The building still impresses. It features a five-story atrium ringed with spacious catwalks and bold red walls. There is a glass elevator and lots of gleaming chrome.\u003c/p>\n\u003cp>A little after lunch, the place is quiet. A few employees are sitting around a table in front of emptied containers of food. Some are milling around the big TV. A 30-something guy shoots baskets on one of the arcade games in the lobby. You can hear the sound of a pingpong match somewhere down the hall.\u003c/p>\n\u003cp>Zynga’s business has taken a dive since 2012. Its stock value tanked and it has \u003ca href=\"http://ww2.kqed.org/news/2013/06/03/zynga-layoffs/\">laid off hundreds of employees\u003c/a>. The company has made some extra cash by leasing out empty office space to other tech companies. Now it is looking to sell the whole 670,000-square-foot building.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c!-- iframe plugin v.4.3 wordpress.org/plugins/iframe/ -->\u003cbr>\n\u003ciframe width=\"100%\" height=\"166\" scrolling=\"no\" frameborder=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/254669090&color=ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false\" class=\"iframe-class\">\u003c/iframe>\u003c/p>\n\u003cp>When Zynga moved in nearly five years ago, the building became something of a sensation. The Internet bubbled with stories \u003ca href=\"http://officesnapshots.com/2012/03/06/inside-zyngas-gigantic-gaming-headquarters/\">like this one\u003c/a> about the architecture, the 300-plus conference rooms, the Blue Bottle coffee. Vladimir Bosanac says Zynga set the bar for the city’s latest wave of tech companies.\u003c/p>\n\u003caside class=\"pullquote alignright\">'It became really a showplace not only for Zynga but what would become of tech space for San Francisco in the future.' \u003ccite>Vladimir Bosanac\u003c/cite>\u003c/aside>\n\u003cp>Bosanac says, “It became really a showplace not only for Zynga but what would become of tech space for San Francisco in the future.”\u003c/p>\n\u003cp>Bosanac is co-founder of \u003ca href=\"http://news.theregistrysf.com/\">The Registry\u003c/a>, a San Francisco real estate magazine. He says Zynga could hit the jackpot with the sale. Bosanac estimates the building is worth about double the $228 million Zynga paid for it. (\u003ca href=\"http://news.theregistrysf.com/zynga-to-put-headquarters-building-in-san-francisco-on-the-market/\">Here's a breakdown of his reasoning\u003c/a>).\u003c/p>\n\u003cp>“They bought at the right time, in early 2012 as we were coming out of the recession,” Bosanac says. “And they are looking to sell it at the right time.\"\u003c/p>\n\u003cp>Bosanac says it looks like we could be nearing the end of a boom cycle and that real estate prices might actually start coming down. This makes Zynga’s investment in the space look pretty savvy.\u003c/p>\n\u003cp>But UC Berkeley economist Kenneth Rosen sees it another way. “I would say Zynga was lucky.”\u003c/p>\n\u003caside class=\"pullquote alignleft\">'I would say Zynga was lucky.' \u003ccite>Kenneth Rosen,\u003cbr>\nUC Berkeley economist\u003c/cite>\u003c/aside>\n\u003cp>Rosen says it is a mistake for unproven young tech companies to buy real estate. Startups are notoriously risky, and if they fail, they would be on the hook for empty office space.\u003c/p>\n\u003cp>Startups “all think they are geniuses,” Rosen says, “They are geniuses who don't know how to make money, if you ask me. And they should not be in the real estate space.”\u003c/p>\n\u003cp>In recent years \u003ca href=\"http://ww2.kqed.org/news/2015/09/23/uber-comes-to-oakland-in-a-big-way\">Uber has bought real estate\u003c/a> in San Francisco and Oakland. But most young hot tech companies are leasing space. Take Twitter, Airbnb and Pinterest, for example. Rosen says it is smarter to rent, especially because he thinks we are headed for a tech and real estate market downturn. There are already \u003ca href=\"http://ww2.kqed.org/news/2016/01/15/party-on-everyone-but-remember-that-dot-com-bust\">indications of trouble\u003c/a> in the tech sector.\u003c/p>\n\u003cp>“Over the next two to three years, I expect to see a big correction in the valuations in these companies, which will lead to layoffs, a lot less job creation — maybe substantial job losses, and a real estate market correction follows thereafter,” Rosen says.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Zynga is not talking about the sale, only saying it plans to lease back space if the building sells. Then it would once again be like the other tenants in the building — small companies, renting out space, trying to make it big.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/10899325/whats-behind-zyngas-decision-to-put-its-shiny-hq-up-for-sale","authors":["253"],"programs":["news_6944"],"series":["news_17411"],"categories":["news_1758"],"tags":["news_1610"],"featImg":"news_10899328","label":"news_6944"},"news_10622774":{"type":"posts","id":"news_10622774","meta":{"index":"posts_1591205157","site":"news","id":"10622774","score":null,"sort":[1438378486000]},"guestAuthors":[],"slug":"silicon-valley-tech-bus-drivers-to-vote-on-union-contract-saturday","title":"Silicon Valley Tech Bus Drivers to Vote on Union Contract Saturday","publishDate":1438378486,"format":"standard","headTitle":"Boomtown | News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>\u003cstrong>UPDATE: By a 75 to 0 vote on Saturday, the shuttle bus drivers for Apple, eBay, Yahoo and Zynga approved the contract proposal improving wages and benefits.\u003c/strong>\u003c/p>\n\u003cp>A new labor movement in Silicon Valley continues to roll.\u003c/p>\n\u003cp>On Saturday, close to 200 bus drivers who shuttle tech workers to and from work for Apple, Yahoo, eBay, Zynga and others will vote on their first union contract to improve wages and benefits.\u003c/p>\n\u003cp>The drivers joined the Teamsters in February and the union has been negotiating with their employer, \u003ca href=\"http://www.compasstransportation.net/\" target=\"_blank\">Compass Transportation\u003c/a>, which has bus yards in San Jose and South San Francisco.\u003c/p>\n\u003cp>Doug Bloch, political director of Teamsters Joint Council 7, wouldn't disclose details of the wage and benefit package, but said terms were similar to a contract reached with Loop Transportation and 87 Facebook drivers in February.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Those terms included pay increases to $21-$25 an hour and rising to $22.50-$28.50 an hour in three years. On average, drivers now make $18 an hour. The terms also included shift differential pay and a six-hour minimum for drivers who don't want to work split shifts.\u003c/p>\n\u003cp>\"They want the playing field leveled. They want what Facebook Teamster shuttle bus drivers got earlier this year,\" Bloch said.\u003c/p>\n\u003cp>If the drivers approve the proposed package, Compass will have to take it back to the tech companies for their approval. Bloch said that will be the biggest challenge.\u003c/p>\n\u003cp>\"It's going to increase the cost of doing business for Compass, so they're going to want more from the tech companies,\" he said. \"And are the companies willing to shoulder the extra costs that come along with that?\"\u003c/p>\n\u003cp>Bryan O'Connell, Compass senior vice president, said in an email: \"Our negotiations with the Teamsters Local 853 are ongoing and we will continue to negotiate in good faith to find a solution that is workable for our clients, our employees and Compass.\"\u003c/p>\n\u003cp>Saturday's vote comes against the background of \u003ca href=\"http://ww2.kqed.org/news/2015/07/14/growing-labor-movement-shakes-up-silicon-valley\" target=\"_blank\">a growing labor movement\u003c/a> in Silicon Valley. A coalition of labor unions, faith leaders and community-based organizations has been orchestrating a campaign to improve wages and benefits for service workers.\u003c/p>\n\u003cp>Under the name of Silicon Valley Rising, they have been holding demonstrations in front of tech companies and their vendors, supporting worker legislation and promoting livable wages, affordable housing and corporate responsibility.\u003c/p>\n\u003cp>On Monday, more than 140 workers at Google Express in Palo Alto filed to \u003ca href=\"http://teamster.org/news/2015/07/google-express-workers-file-representation-teamsters-union\" target=\"_blank\">join the Teamsters\u003c/a>. These workers receive goods, break them down and package them to be delivered to customers who buy things through Google shopping.\u003c/p>\n\u003cp>The employees make between $13 and $17 an hour with no benefits, Bloch said. They are employed by Adecco, a staffing agency based in Jacksonville, Fla.\u003c/p>\n\u003cp>Bloch charged that there isn't job stability. Google Express employees, he said, work for a year and then are notified in a mass email about whether they will be employed the next year. \"After two years, they are let go,\" he said.\u003c/p>\n\u003cp>A spokeswoman for Google said in an email that the company won't comment on Google Express employees' plans to unionize. Adecco didn't return phone calls.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Bloch said he expected a union vote in late August.\u003c/p>\n\n","blocks":[],"excerpt":"Close to 200 new members of Teamsters will cast ballots for first time on pact to improve wages and benefits.","status":"publish","parent":0,"modified":1438540959,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":19,"wordCount":544},"headData":{"title":"Silicon Valley Tech Bus Drivers to Vote on Union Contract Saturday | KQED","description":"Close to 200 new members of Teamsters will cast ballots for first time on pact to improve wages and benefits.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"Silicon Valley Tech Bus Drivers to Vote on Union Contract Saturday","datePublished":"2015-07-31T21:34:46.000Z","dateModified":"2015-08-02T18:42:39.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"10622774 http://ww2.kqed.org/news/?p=10622774","disqusUrl":"https://ww2.kqed.org/news/2015/07/31/silicon-valley-tech-bus-drivers-to-vote-on-union-contract-saturday/","disqusTitle":"Silicon Valley Tech Bus Drivers to Vote on Union Contract Saturday","path":"/news/10622774/silicon-valley-tech-bus-drivers-to-vote-on-union-contract-saturday","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>UPDATE: By a 75 to 0 vote on Saturday, the shuttle bus drivers for Apple, eBay, Yahoo and Zynga approved the contract proposal improving wages and benefits.\u003c/strong>\u003c/p>\n\u003cp>A new labor movement in Silicon Valley continues to roll.\u003c/p>\n\u003cp>On Saturday, close to 200 bus drivers who shuttle tech workers to and from work for Apple, Yahoo, eBay, Zynga and others will vote on their first union contract to improve wages and benefits.\u003c/p>\n\u003cp>The drivers joined the Teamsters in February and the union has been negotiating with their employer, \u003ca href=\"http://www.compasstransportation.net/\" target=\"_blank\">Compass Transportation\u003c/a>, which has bus yards in San Jose and South San Francisco.\u003c/p>\n\u003cp>Doug Bloch, political director of Teamsters Joint Council 7, wouldn't disclose details of the wage and benefit package, but said terms were similar to a contract reached with Loop Transportation and 87 Facebook drivers in February.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Those terms included pay increases to $21-$25 an hour and rising to $22.50-$28.50 an hour in three years. On average, drivers now make $18 an hour. The terms also included shift differential pay and a six-hour minimum for drivers who don't want to work split shifts.\u003c/p>\n\u003cp>\"They want the playing field leveled. They want what Facebook Teamster shuttle bus drivers got earlier this year,\" Bloch said.\u003c/p>\n\u003cp>If the drivers approve the proposed package, Compass will have to take it back to the tech companies for their approval. Bloch said that will be the biggest challenge.\u003c/p>\n\u003cp>\"It's going to increase the cost of doing business for Compass, so they're going to want more from the tech companies,\" he said. \"And are the companies willing to shoulder the extra costs that come along with that?\"\u003c/p>\n\u003cp>Bryan O'Connell, Compass senior vice president, said in an email: \"Our negotiations with the Teamsters Local 853 are ongoing and we will continue to negotiate in good faith to find a solution that is workable for our clients, our employees and Compass.\"\u003c/p>\n\u003cp>Saturday's vote comes against the background of \u003ca href=\"http://ww2.kqed.org/news/2015/07/14/growing-labor-movement-shakes-up-silicon-valley\" target=\"_blank\">a growing labor movement\u003c/a> in Silicon Valley. A coalition of labor unions, faith leaders and community-based organizations has been orchestrating a campaign to improve wages and benefits for service workers.\u003c/p>\n\u003cp>Under the name of Silicon Valley Rising, they have been holding demonstrations in front of tech companies and their vendors, supporting worker legislation and promoting livable wages, affordable housing and corporate responsibility.\u003c/p>\n\u003cp>On Monday, more than 140 workers at Google Express in Palo Alto filed to \u003ca href=\"http://teamster.org/news/2015/07/google-express-workers-file-representation-teamsters-union\" target=\"_blank\">join the Teamsters\u003c/a>. These workers receive goods, break them down and package them to be delivered to customers who buy things through Google shopping.\u003c/p>\n\u003cp>The employees make between $13 and $17 an hour with no benefits, Bloch said. They are employed by Adecco, a staffing agency based in Jacksonville, Fla.\u003c/p>\n\u003cp>Bloch charged that there isn't job stability. Google Express employees, he said, work for a year and then are notified in a mass email about whether they will be employed the next year. \"After two years, they are let go,\" he said.\u003c/p>\n\u003cp>A spokeswoman for Google said in an email that the company won't comment on Google Express employees' plans to unionize. Adecco didn't return phone calls.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Bloch said he expected a union vote in late August.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/10622774/silicon-valley-tech-bus-drivers-to-vote-on-union-contract-saturday","authors":["3207"],"programs":["news_6944"],"series":["news_17411"],"categories":["news_1758","news_8","news_248","news_1397"],"tags":["news_249","news_353","news_1610"],"featImg":"news_10580995","label":"news_6944"},"news_102099":{"type":"posts","id":"news_102099","meta":{"index":"posts_1591205157","site":"news","id":"102099","score":null,"sort":[1372712252000]},"guestAuthors":[],"slug":"zynga-ceo-mark-pincus-replaced","title":"Zynga CEO Mark Pincus Replaced","publishDate":1372712252,"format":"aside","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>NEW YORK (AP) — Zynga's CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft's Xbox business, as the troubled online game company looks to revive its business and stalled stock price.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-84470 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003cfigcaption class=\"wp-caption-text\">Zynga headquarters (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>The maker of \"FarmVille\" and other games said Monday that Pincus, who founded the San Francisco-based company and named it after his American bulldog in 2007, will stay on as chairman and chief product officer.\u003c/p>\n\u003cp>Mattrick, 49, has served as the president of Microsoft's entertainment business, which includes the Xbox, since 2010. He's been with Microsoft for six years.\u003c/p>\n\u003cp>Mattrick faces a difficult task. Zynga's stock is down sharply since the company's 2011 initial public offering at $10 per share. Its games have waned in popularity and it announced in June that it was cutting 520 jobs, or about 18 percent of its workforce, to save money.\u003c/p>\n\u003cp>Pincus seems to think his successor is up to the task. In a statement, Pincus praised Mattrick as \"one of the top executives in the overall entertainment business.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"He turned Xbox into the world's largest console-gaming network, growing its installed base from 10 (million) to 80 million and transformed that business from deep losses to substantial profits. And he has grown the Xbox Live player network from 6 (million) to 50 million active members in 41 countries,\" Pincus said in in a statement.\u003c/p>\n\u003cp>Before Microsoft, Mattrick was president of worldwide studios at Electronic Arts Inc. He joined EA after it bought Distinctive Software, the company he created at age 17.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Zynga's stock jumped during Monday's session as rumors of Mattrick's appointment spread. Shares closed up 29 cents, or 10.4 percent, at $3.07 and added 11 cents to $3.18 in after-hours trading.\u003c/p>\n\n","blocks":[],"excerpt":null,"status":"publish","parent":0,"modified":1399488772,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":10,"wordCount":309},"headData":{"title":"Zynga CEO Mark Pincus Replaced | KQED","description":"NEW YORK (AP) — Zynga's CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft's Xbox business, as the troubled online game company looks to revive its business and stalled stock price. The maker of "FarmVille" and other games said Monday that Pincus, who founded the San Francisco-based company","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"Zynga CEO Mark Pincus Replaced","datePublished":"2013-07-01T20:57:32.000Z","dateModified":"2014-05-07T18:52:52.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"102099 http://ww2.kqed.org/news/?p=102099","disqusUrl":"https://ww2.kqed.org/news/2013/07/01/zynga-ceo-mark-pincus-replaced/","disqusTitle":"Zynga CEO Mark Pincus Replaced","customPermalink":"2013/07/01/mark-pincus-zynga/","path":"/news/102099/zynga-ceo-mark-pincus-replaced","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>NEW YORK (AP) — Zynga's CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft's Xbox business, as the troubled online game company looks to revive its business and stalled stock price.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-84470 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003cfigcaption class=\"wp-caption-text\">Zynga headquarters (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>The maker of \"FarmVille\" and other games said Monday that Pincus, who founded the San Francisco-based company and named it after his American bulldog in 2007, will stay on as chairman and chief product officer.\u003c/p>\n\u003cp>Mattrick, 49, has served as the president of Microsoft's entertainment business, which includes the Xbox, since 2010. He's been with Microsoft for six years.\u003c/p>\n\u003cp>Mattrick faces a difficult task. Zynga's stock is down sharply since the company's 2011 initial public offering at $10 per share. Its games have waned in popularity and it announced in June that it was cutting 520 jobs, or about 18 percent of its workforce, to save money.\u003c/p>\n\u003cp>Pincus seems to think his successor is up to the task. In a statement, Pincus praised Mattrick as \"one of the top executives in the overall entertainment business.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"He turned Xbox into the world's largest console-gaming network, growing its installed base from 10 (million) to 80 million and transformed that business from deep losses to substantial profits. And he has grown the Xbox Live player network from 6 (million) to 50 million active members in 41 countries,\" Pincus said in in a statement.\u003c/p>\n\u003cp>Before Microsoft, Mattrick was president of worldwide studios at Electronic Arts Inc. He joined EA after it bought Distinctive Software, the company he created at age 17.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Zynga's stock jumped during Monday's session as rumors of Mattrick's appointment spread. Shares closed up 29 cents, or 10.4 percent, at $3.07 and added 11 cents to $3.18 in after-hours trading.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/102099/zynga-ceo-mark-pincus-replaced","authors":["237"],"programs":["news_6944"],"categories":["news_1758","news_248"],"tags":["news_1610"],"label":"news_6944"},"news_98508":{"type":"posts","id":"news_98508","meta":{"index":"posts_1591205157","site":"news","id":"98508","score":null,"sort":[1370286453000]},"guestAuthors":[],"slug":"san-franciscos-zynga-to-lay-off-520-employees-worldwide","title":"San Francisco-Based Zynga to Lay Off 520 Employees ","publishDate":1370286453,"format":"aside","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>There's no joy in Farmville today as Zynga, the San Francisco-based online gaming company, has announced \"a workforce reduction and closure of various office locations.\"\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke.jpg\">\u003cimg class=\"size-medium wp-image-84470\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters in San Francisco (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>Zynga says it will lay off a total of 18 percent, or 520 employees, just the latest downsizing in a series of them over the last year.\u003c/p>\n\u003cp>\"The workforce reduction will occur across all functions and is expected to be substantially complete by August 2013,\" the company wrote in a press release.\u003c/p>\n\u003cp>\u003ca href=\"http://allthingsd.com/20130603/zynga-to-lay-off-520-employees-18-percent-of-staff-and-shutter-new-york-and-la-offices/\" target=\"_blank\">AllThingsD is reporting\u003c/a> Zynga will shutter its offices in New York, L.A., and Dallas.\u003c/p>\n\u003cp>The company also said it expected to lose more money than was forecast in its previous guidance, and that its bookings would end up in the lower half of estimates.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>NASDAQ halted trading on shares at one point before they finished at $2.99, a loss of over 12 percent on the day.\u003c!--more-->A spokesperson told us the company would have no comment beyond its press release and what company founder and CEO Mark Pincus wrote in a \u003ca href=\"http://blog.zynga.com/2013/06/03/ceo-update-4/\" target=\"_blank\">blog post\u003c/a> today, which includes this ...\u003c/p>\n\u003cblockquote>\u003cp>None of us ever expected to face a day like today, especially when so much of our culture has been about growth. But I think we all know this is necessary to move forward. The scale that served us so well in building and delivering the leading social gaming service on the Web is now making it hard to successfully lead across mobile and multiplatform, which is where social games are going to be played.\u003c/p>\u003c/blockquote>\n\u003cp>In April, \u003ca href=\"http://venturebeat.com/2013/04/25/as-it-aims-for-better-profits-zynga-cuts-even-deeper-into-once-beloved-games-interview/\" target=\"_blank\">VentureBeat reported\u003c/a> that Zynga was \"no longer the largest gaming company,\" having ceded that title to London-based \u003ca href=\"http://www.king.com/\" target=\"_blank\">King\u003c/a>. (Forbes told the \u003ca href=\"http://www.forbes.com/sites/tomiogeron/2013/03/26/how-king-com-zoomed-up-the-social-gaming-charts/\" target=\"_blank\">story of that rise\u003c/a> in March.)\u003c/p>\n\u003cp>Zynga went public in late 2011 amid a mini-resurgence in the tech IPO market. But the initial offering \u003ca href=\"http://ww2.kqed.org/news/2011/12/16/zynga-goes-public-real-time-stock-quotes/\">landed with a thud\u003c/a>. The stock hit a high of almost $16 in Mar 2012; it's now trading at about $3.\u003c/p>\n\u003cp>Zyngas's fortunes have often seemed closely tied with those of Facebook, where its games have been tightly integrated. As the \u003ca href=\"http://blogs.wsj.com/digits/2013/03/21/as-zynga-becomes-more-independent-facebook-tightens-access/\" target=\"_blank\">Wall Street Journal reported\u003c/a> in March ...\u003c/p>\n\u003cblockquote>\u003cp>Founded in 2007, the game maker grew rapidly by leveraging Facebook’s social network, taking advantage of its structure and its sharing tools to encourage players to connect with their friends. In 2011, the company made up about 12% of Facebook’s revenue.\u003c/p>\n\u003cp>However, the relationship, at times, has been strained. And, in more recent quarters, Facebook and Zynga have drifted further apart, with Zynga opening its own portal and investing more in its mobile applications and Facebook promoting the games of other developers. Nevertheless, Zynga still makes the bulk of its money from Facebook. The social network accounted for 79% of Zynga’s bookings in the fourth quarter.\u003c/p>\u003c/blockquote>\n\u003cp>In April the company entered the online gambling space in the U.K. It has also applied for a license with the Nevada Gaming Control Board and \u003ca href=\"http://online.wsj.com/article/SB10000872396390444508504577591352837759224.html\" target=\"_blank\">hired lobbyists\u003c/a> to push for online gambling. Sam Harnett \u003ca href=\"http://ww2.kqed.org/news/2013/01/02/zynga-tries-its-hand-at-online-gambling/\" target=\"_blank\">reported on this new initiative\u003c/a> for KQED in January.\u003c/p>\n\u003cp>\"Making the transition to real money gambling for Zynga won’t be as simple as pulling a lever,\" Harnett wrote.\u003c/p>\n\u003cp>\"Organizationally they aren't prepared for it,” Kevin Flood, an online gambling consultant, told Harnett.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Presumably we'll get an initial indication of whether this is true or not in July, when the company releases its next earnings report.\u003c/p>\n\n","blocks":[],"excerpt":null,"status":"publish","parent":0,"modified":1399488784,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":18,"wordCount":581},"headData":{"title":"San Francisco-Based Zynga to Lay Off 520 Employees | KQED","description":"There's no joy in Farmville today as Zynga, the San Francisco-based online gaming company, has announced "a workforce reduction and closure of various office locations." Zynga says it will lay off a total of 18 percent, or 520 employees, just the latest downsizing in a series of them over the last year. "The workforce reduction","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"San Francisco-Based Zynga to Lay Off 520 Employees ","datePublished":"2013-06-03T19:07:33.000Z","dateModified":"2014-05-07T18:53:04.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"98508 http://ww2.kqed.org/news/?p=98508","disqusUrl":"https://ww2.kqed.org/news/2013/06/03/san-franciscos-zynga-to-lay-off-520-employees-worldwide/","disqusTitle":"San Francisco-Based Zynga to Lay Off 520 Employees ","customPermalink":"2013/06/03/zynga-layoffs/","path":"/news/98508/san-franciscos-zynga-to-lay-off-520-employees-worldwide","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>There's no joy in Farmville today as Zynga, the San Francisco-based online gaming company, has announced \"a workforce reduction and closure of various office locations.\"\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke.jpg\">\u003cimg class=\"size-medium wp-image-84470\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters in San Francisco (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>Zynga says it will lay off a total of 18 percent, or 520 employees, just the latest downsizing in a series of them over the last year.\u003c/p>\n\u003cp>\"The workforce reduction will occur across all functions and is expected to be substantially complete by August 2013,\" the company wrote in a press release.\u003c/p>\n\u003cp>\u003ca href=\"http://allthingsd.com/20130603/zynga-to-lay-off-520-employees-18-percent-of-staff-and-shutter-new-york-and-la-offices/\" target=\"_blank\">AllThingsD is reporting\u003c/a> Zynga will shutter its offices in New York, L.A., and Dallas.\u003c/p>\n\u003cp>The company also said it expected to lose more money than was forecast in its previous guidance, and that its bookings would end up in the lower half of estimates.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>NASDAQ halted trading on shares at one point before they finished at $2.99, a loss of over 12 percent on the day.\u003c!--more-->A spokesperson told us the company would have no comment beyond its press release and what company founder and CEO Mark Pincus wrote in a \u003ca href=\"http://blog.zynga.com/2013/06/03/ceo-update-4/\" target=\"_blank\">blog post\u003c/a> today, which includes this ...\u003c/p>\n\u003cblockquote>\u003cp>None of us ever expected to face a day like today, especially when so much of our culture has been about growth. But I think we all know this is necessary to move forward. The scale that served us so well in building and delivering the leading social gaming service on the Web is now making it hard to successfully lead across mobile and multiplatform, which is where social games are going to be played.\u003c/p>\u003c/blockquote>\n\u003cp>In April, \u003ca href=\"http://venturebeat.com/2013/04/25/as-it-aims-for-better-profits-zynga-cuts-even-deeper-into-once-beloved-games-interview/\" target=\"_blank\">VentureBeat reported\u003c/a> that Zynga was \"no longer the largest gaming company,\" having ceded that title to London-based \u003ca href=\"http://www.king.com/\" target=\"_blank\">King\u003c/a>. (Forbes told the \u003ca href=\"http://www.forbes.com/sites/tomiogeron/2013/03/26/how-king-com-zoomed-up-the-social-gaming-charts/\" target=\"_blank\">story of that rise\u003c/a> in March.)\u003c/p>\n\u003cp>Zynga went public in late 2011 amid a mini-resurgence in the tech IPO market. But the initial offering \u003ca href=\"http://ww2.kqed.org/news/2011/12/16/zynga-goes-public-real-time-stock-quotes/\">landed with a thud\u003c/a>. The stock hit a high of almost $16 in Mar 2012; it's now trading at about $3.\u003c/p>\n\u003cp>Zyngas's fortunes have often seemed closely tied with those of Facebook, where its games have been tightly integrated. As the \u003ca href=\"http://blogs.wsj.com/digits/2013/03/21/as-zynga-becomes-more-independent-facebook-tightens-access/\" target=\"_blank\">Wall Street Journal reported\u003c/a> in March ...\u003c/p>\n\u003cblockquote>\u003cp>Founded in 2007, the game maker grew rapidly by leveraging Facebook’s social network, taking advantage of its structure and its sharing tools to encourage players to connect with their friends. In 2011, the company made up about 12% of Facebook’s revenue.\u003c/p>\n\u003cp>However, the relationship, at times, has been strained. And, in more recent quarters, Facebook and Zynga have drifted further apart, with Zynga opening its own portal and investing more in its mobile applications and Facebook promoting the games of other developers. Nevertheless, Zynga still makes the bulk of its money from Facebook. The social network accounted for 79% of Zynga’s bookings in the fourth quarter.\u003c/p>\u003c/blockquote>\n\u003cp>In April the company entered the online gambling space in the U.K. It has also applied for a license with the Nevada Gaming Control Board and \u003ca href=\"http://online.wsj.com/article/SB10000872396390444508504577591352837759224.html\" target=\"_blank\">hired lobbyists\u003c/a> to push for online gambling. Sam Harnett \u003ca href=\"http://ww2.kqed.org/news/2013/01/02/zynga-tries-its-hand-at-online-gambling/\" target=\"_blank\">reported on this new initiative\u003c/a> for KQED in January.\u003c/p>\n\u003cp>\"Making the transition to real money gambling for Zynga won’t be as simple as pulling a lever,\" Harnett wrote.\u003c/p>\n\u003cp>\"Organizationally they aren't prepared for it,” Kevin Flood, an online gambling consultant, told Harnett.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Presumably we'll get an initial indication of whether this is true or not in July, when the company releases its next earnings report.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/98508/san-franciscos-zynga-to-lay-off-520-employees-worldwide","authors":["80"],"programs":["news_6944"],"categories":["news_223","news_1758","news_248"],"tags":["news_1610"],"label":"news_6944"},"news_88366":{"type":"posts","id":"news_88366","meta":{"index":"posts_1591205157","site":"news","id":"88366","score":null,"sort":[1360108765000]},"guestAuthors":[],"slug":"san-franciscos-zynga-narrows-losses-as-game-maker-cuts-costs","title":"San Francisco's Zynga Narrows Losses as Game Maker Cuts Costs","publishDate":1360108765,"format":"aside","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>\u003cem>by Barbara Ortutay, AP Technology Writer\u003c/em>\u003c/p>\n\u003cp>NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/02/zynga-tries-its-hand-at-online-gambling/zynga-by-dan-brekke/\" rel=\"attachment wp-att-84470\">\u003cimg class=\"size-medium wp-image-84470\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>The results exceeded Wall Street's muted expectations and Zynga Inc.'s battered shares increased nearly 5 percent in after-hours trading after the release of the results. After a difficult 2012 in which Zynga saw its stock price decline by 75 percent, CEO Mark Pincus called 2013 a \"pivotal transition year\" for the company as it seeks to cut costs further and broaden revenue sources, especially from mobile games.\u003c/p>\n\u003cp>Zynga went public in December 2011 with a lot of promise. Games such as \"FarmVille\" and \"CityVille\" were popular on Facebook, as the social media company was itself preparing for a highly anticipated initial public offering of stock. \u003c!--more-->But Facebook's stock stumbled, and Zynga's tumbled with it. Demand for Zynga's games weakened, and investors were worried both about Zynga's overreliance on Facebook for its revenue and signs that the two were growing apart. Zynga's stock ended 2012 at $2.36, well below the IPO price of $10. \u003c!--more-->Zynga responded by announcing in October that it was cutting about 5 percent of its full-time workforce of roughly 3,200 employees. The San Francisco company also killed 13 older games and closed development studios in Boston and elsewhere.\u003c/p>\n\u003cp>Those cuts helped.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Zynga said Tuesday that it lost $48.6 million, or 6 cents per share, in the October-December period. That compares with a loss of $435 million, or $1.22 per share, in the same period a year earlier. Zynga began trading publicly on Dec. 16, 2011, and was privately held for most of the 2011 quarter.\u003c/p>\n\u003cp>Zynga's revenue was largely unchanged at about $311 million. But it was well above analysts' average estimate of $250 million, as polled by FactSet.\u003c/p>\n\u003cp>Zynga cut fourth-quarter expenses by two-thirds, to $274 million from $798 million.\u003c/p>\n\u003cp>For the current quarter, Zynga said it expects an adjusted loss of 5 cents to 4 cents per share and revenue of $255 million to $265 million. Analysts were predicting a loss of 1 cent per share and revenue of $268 million.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Shares climbed 13 cents, or 4.7 percent, to $2.87 in after-hours trading after gaining 18 cents to close at $2.74 during the regular session. Zynga's stock has traded from $2.09 to $15.91 in the past 52 weeks.\u003c/p>\n\n","blocks":[],"excerpt":null,"status":"publish","parent":0,"modified":1399488810,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":12,"wordCount":439},"headData":{"title":"San Francisco's Zynga Narrows Losses as Game Maker Cuts Costs | KQED","description":"by Barbara Ortutay, AP Technology Writer NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games. The results exceeded Wall Street's muted expectations and Zynga Inc.'s battered","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"San Francisco's Zynga Narrows Losses as Game Maker Cuts Costs","datePublished":"2013-02-05T23:59:25.000Z","dateModified":"2014-05-07T18:53:30.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"88366 http://ww2.kqed.org/news/?p=88366","disqusUrl":"https://ww2.kqed.org/news/2013/02/05/san-franciscos-zynga-narrows-losses-as-game-maker-cuts-costs/","disqusTitle":"San Francisco's Zynga Narrows Losses as Game Maker Cuts Costs","path":"/news/88366/san-franciscos-zynga-narrows-losses-as-game-maker-cuts-costs","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>by Barbara Ortutay, AP Technology Writer\u003c/em>\u003c/p>\n\u003cp>NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/02/zynga-tries-its-hand-at-online-gambling/zynga-by-dan-brekke/\" rel=\"attachment wp-att-84470\">\u003cimg class=\"size-medium wp-image-84470\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>The results exceeded Wall Street's muted expectations and Zynga Inc.'s battered shares increased nearly 5 percent in after-hours trading after the release of the results. After a difficult 2012 in which Zynga saw its stock price decline by 75 percent, CEO Mark Pincus called 2013 a \"pivotal transition year\" for the company as it seeks to cut costs further and broaden revenue sources, especially from mobile games.\u003c/p>\n\u003cp>Zynga went public in December 2011 with a lot of promise. Games such as \"FarmVille\" and \"CityVille\" were popular on Facebook, as the social media company was itself preparing for a highly anticipated initial public offering of stock. \u003c!--more-->But Facebook's stock stumbled, and Zynga's tumbled with it. Demand for Zynga's games weakened, and investors were worried both about Zynga's overreliance on Facebook for its revenue and signs that the two were growing apart. Zynga's stock ended 2012 at $2.36, well below the IPO price of $10. \u003c!--more-->Zynga responded by announcing in October that it was cutting about 5 percent of its full-time workforce of roughly 3,200 employees. The San Francisco company also killed 13 older games and closed development studios in Boston and elsewhere.\u003c/p>\n\u003cp>Those cuts helped.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Zynga said Tuesday that it lost $48.6 million, or 6 cents per share, in the October-December period. That compares with a loss of $435 million, or $1.22 per share, in the same period a year earlier. Zynga began trading publicly on Dec. 16, 2011, and was privately held for most of the 2011 quarter.\u003c/p>\n\u003cp>Zynga's revenue was largely unchanged at about $311 million. But it was well above analysts' average estimate of $250 million, as polled by FactSet.\u003c/p>\n\u003cp>Zynga cut fourth-quarter expenses by two-thirds, to $274 million from $798 million.\u003c/p>\n\u003cp>For the current quarter, Zynga said it expects an adjusted loss of 5 cents to 4 cents per share and revenue of $255 million to $265 million. Analysts were predicting a loss of 1 cent per share and revenue of $268 million.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Shares climbed 13 cents, or 4.7 percent, to $2.87 in after-hours trading after gaining 18 cents to close at $2.74 during the regular session. Zynga's stock has traded from $2.09 to $15.91 in the past 52 weeks.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/88366/san-franciscos-zynga-narrows-losses-as-game-maker-cuts-costs","authors":["237"],"programs":["news_6944"],"categories":["news_1758","news_248"],"tags":["news_249","news_1089","news_3851","news_1610"],"label":"news_6944"},"news_84465":{"type":"posts","id":"news_84465","meta":{"index":"posts_1591205157","site":"news","id":"84465","score":null,"sort":[1357158141000]},"guestAuthors":[],"slug":"zynga-tries-its-hand-at-online-gambling","title":"Zynga Tries Its Hand at Online Gambling","publishDate":1357158141,"format":"aside","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>\u003cem>by Sam Harnett\u003c/em>\u003c/p>\n\u003cp>It's been a rough year for \u003ca href=\"http://zynga.com/\">Zyng\u003c/a>a. Faced with plunging stock and revenues, the San Francisco-based social gaming company laid off employees and retired some of its games. But it has a new play for the New Year: online gambling.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke.jpg\">\u003cimg class=\"size-medium wp-image-84470\" title=\"Zynga's headquarters in San Francisco. (Dan Brekke/KQED)\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters in San Francisco. (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>In a partnership with \u003ca href=\"https://wap.bwin.com/\">Bwin\u003c/a>, the world's largest publicly traded online gambling company, Zynga plans to release 180 real money games in Europe during the first half of 2013. Meanwhile, it is lobbying hard to legalize online gambling in the United States, where some analysts predict they could make a killing.\u003c/p>\n\u003cp>Gambling might seem like a tough public relations move for a video game company—especially one known for virtual farm animals and wide-eyed cartoon characters. But gaming expert Gabe Zichermann says if you look below the surface, Zynga's move makes sense.\u003c/p>\n\u003cp>“Zynga's key intellectual assets are not really in spectacular content creation,” he says. “They are in platforms and scalability, [and] customer interaction.” He doesn't even think of Zynga primarily as a gaming company, but instead as an e-commerce and marketing company, and one that has many similarities with a casino.\u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Like gambling operations, social gaming companies function by hooking users, tracking their data, and monetizing their behaviors. Their business models looks more like a casino then a traditional console gaming company, Zichermann says. Even the products themselves at a company like Zynga have similar mechanics to casino games. Take titles like Farmville or Mafia Wars—they have random rewards and carefully timed payouts just like slot machines.\u003c/p>\n\u003cp>\u003cstrong>Serious Doubts\u003c/strong>\u003c/p>\n\u003cp>But even with all the parallels, making the transition to real money gambling for Zynga won’t be as simple as pulling a lever. Kevin Flood, an online gambling consultant, has serious doubts about Zynga's prospects. “Organizationally they aren't prepared for it,” he says.\u003c/p>\n\u003cp>Social gaming is a whole different ball game than online gambling. Once it starts dealing with real money, Zynga will have to handle credit card fraud, implement age restrictions, and prove that rewards in each game are truly random. Government regulators will be scouring the code of every new game version they release.\u003c/p>\n\u003cp>Flood says the programming process will have to function much differently then it does now. Zynga will have to spend more time on version releases and make sure all the code it produces is top notch. “You can't just iterate, iterate and dump some code out there.”\u003c/p>\n\u003cp>The first test of the new process for Zynga will be the United Kingdom, one of the world's biggest online gambling markets and the major target for Zynga's upcoming 180 real-money releases. Online gambling has been completely legal in there for almost eight years and the playing field is already crowded. Other social media companies have already beaten Zynga to the table, like Seattle-based Big Fish.\u003c/p>\n\u003cp>“What we are seeing in the UK is really encouraging,” says Carey DiJiulio, general manager of \u003ca href=\"http://www.bigfishgames.com\">Big Fish Casino\u003c/a>, the company's flagship game. “We have a slot machine live that we launched with in October. We added two more this week.”\u003c/p>\n\u003cp>Big Fish began offering real-money games in the United Kingdom by partnering with \u003ca href=\"https://betable.com/\">Betable\u003c/a>, a San Francisco start-up that handles regulatory issues for social gaming companies wanting to jump into online gambling.\u003c/p>\n\u003cp>Betable CEO Christopher Griffin says Zynga will have to change radically to compete with this flood of younger, more flexible start-ups: “For Zynga to really make a move in the real money space they would either have to work with us or effectively become a start up all over again. That's how difficult and how much a paradigm shift real money is from what they do.”\u003c/p>\n\u003cp>\u003cstrong>Very Complicated\u003c/strong>\u003c/p>\n\u003cp>Kevin Flood sees Zynga's foray into Europe as mainly a way to prepare for the United States, which has the potential to be the world's largest online gambling market. He thinks with its brand and user base, Zynga's poised to make a killing here. “If they are marginally competent and that real money gaming works to a certain degree, I don't know if anyone is going to stop them.”\u003c/p>\n\u003cp>Right now, the U.S. market is far from a sure bet. The Department of Justice in December 2011 issued a ruling that allows states to legalize and regulate online gambling. So far, only Nevada and Delaware have done so.\u003c/p>\n\u003cp>Gerard Cunningham, the founder of online casino company Koolbit, predicts more states will soon legalize, and that eventually we will end up with a patchwork of different rules and regulations across the country. That’s already true of online horserace betting. “We will see some states passing poker, some doing slots, some not,” he says. “It is going to be very, very complicated.”\u003c/p>\n\u003cp>That complicated patchwork of states will be a regulatory nightmare and will limit the market for games that require large pools of users, like online pokers. To achieve enough liquidity for a viable market, small states will need to sign treaties so that players can compete across borders. The goal of a big, integrated market, is one reason that Zynga is lobbying hard on the federal level.\u003c/p>\n\u003cp>\u003cstrong>Short-Term Play?\u003c/strong>\u003c/p>\n\u003cp>But gambling may just be a short-term strategy for Zynga, gaming expert Gabe Zichermann speculates. Longer term he thinks Zynga is trying to shift to the mobile market and leverage its virtual currency in new ways. Perhaps in the future users will be able to make online purchases with Zynga coins or Facebook credits.\u003c/p>\n\u003cp>Zichermann believes this will be the next big battleground in social gaming, and a major reason why Zynga and Facebook are starting to go their separate ways. “They can't be collaborators the way that they were before,” he says. “They are going to end up brutal competitors.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>In the meantime, much will depend on how Zynga plays its online gambling cards.\u003c/p>\n\n","blocks":[],"excerpt":null,"status":"publish","parent":0,"modified":1357343000,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":25,"wordCount":1029},"headData":{"title":"Zynga Tries Its Hand at Online Gambling | KQED","description":"by Sam Harnett It's been a rough year for Zynga. Faced with plunging stock and revenues, the San Francisco-based social gaming company laid off employees and retired some of its games. But it has a new play for the New Year: online gambling. In a partnership with Bwin, the world's largest publicly traded online gambling","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"Zynga Tries Its Hand at Online Gambling","datePublished":"2013-01-02T20:22:21.000Z","dateModified":"2013-01-04T23:43:20.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"84465 http://ww2.kqed.org/news/?p=84465","disqusUrl":"https://ww2.kqed.org/news/2013/01/02/zynga-tries-its-hand-at-online-gambling/","disqusTitle":"Zynga Tries Its Hand at Online Gambling","path":"/news/84465/zynga-tries-its-hand-at-online-gambling","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>by Sam Harnett\u003c/em>\u003c/p>\n\u003cp>It's been a rough year for \u003ca href=\"http://zynga.com/\">Zyng\u003c/a>a. Faced with plunging stock and revenues, the San Francisco-based social gaming company laid off employees and retired some of its games. But it has a new play for the New Year: online gambling.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke.jpg\">\u003cimg class=\"size-medium wp-image-84470\" title=\"Zynga's headquarters in San Francisco. (Dan Brekke/KQED)\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters in San Francisco. (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>In a partnership with \u003ca href=\"https://wap.bwin.com/\">Bwin\u003c/a>, the world's largest publicly traded online gambling company, Zynga plans to release 180 real money games in Europe during the first half of 2013. Meanwhile, it is lobbying hard to legalize online gambling in the United States, where some analysts predict they could make a killing.\u003c/p>\n\u003cp>Gambling might seem like a tough public relations move for a video game company—especially one known for virtual farm animals and wide-eyed cartoon characters. But gaming expert Gabe Zichermann says if you look below the surface, Zynga's move makes sense.\u003c/p>\n\u003cp>“Zynga's key intellectual assets are not really in spectacular content creation,” he says. “They are in platforms and scalability, [and] customer interaction.” He doesn't even think of Zynga primarily as a gaming company, but instead as an e-commerce and marketing company, and one that has many similarities with a casino.\u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Like gambling operations, social gaming companies function by hooking users, tracking their data, and monetizing their behaviors. Their business models looks more like a casino then a traditional console gaming company, Zichermann says. Even the products themselves at a company like Zynga have similar mechanics to casino games. Take titles like Farmville or Mafia Wars—they have random rewards and carefully timed payouts just like slot machines.\u003c/p>\n\u003cp>\u003cstrong>Serious Doubts\u003c/strong>\u003c/p>\n\u003cp>But even with all the parallels, making the transition to real money gambling for Zynga won’t be as simple as pulling a lever. Kevin Flood, an online gambling consultant, has serious doubts about Zynga's prospects. “Organizationally they aren't prepared for it,” he says.\u003c/p>\n\u003cp>Social gaming is a whole different ball game than online gambling. Once it starts dealing with real money, Zynga will have to handle credit card fraud, implement age restrictions, and prove that rewards in each game are truly random. Government regulators will be scouring the code of every new game version they release.\u003c/p>\n\u003cp>Flood says the programming process will have to function much differently then it does now. Zynga will have to spend more time on version releases and make sure all the code it produces is top notch. “You can't just iterate, iterate and dump some code out there.”\u003c/p>\n\u003cp>The first test of the new process for Zynga will be the United Kingdom, one of the world's biggest online gambling markets and the major target for Zynga's upcoming 180 real-money releases. Online gambling has been completely legal in there for almost eight years and the playing field is already crowded. Other social media companies have already beaten Zynga to the table, like Seattle-based Big Fish.\u003c/p>\n\u003cp>“What we are seeing in the UK is really encouraging,” says Carey DiJiulio, general manager of \u003ca href=\"http://www.bigfishgames.com\">Big Fish Casino\u003c/a>, the company's flagship game. “We have a slot machine live that we launched with in October. We added two more this week.”\u003c/p>\n\u003cp>Big Fish began offering real-money games in the United Kingdom by partnering with \u003ca href=\"https://betable.com/\">Betable\u003c/a>, a San Francisco start-up that handles regulatory issues for social gaming companies wanting to jump into online gambling.\u003c/p>\n\u003cp>Betable CEO Christopher Griffin says Zynga will have to change radically to compete with this flood of younger, more flexible start-ups: “For Zynga to really make a move in the real money space they would either have to work with us or effectively become a start up all over again. That's how difficult and how much a paradigm shift real money is from what they do.”\u003c/p>\n\u003cp>\u003cstrong>Very Complicated\u003c/strong>\u003c/p>\n\u003cp>Kevin Flood sees Zynga's foray into Europe as mainly a way to prepare for the United States, which has the potential to be the world's largest online gambling market. He thinks with its brand and user base, Zynga's poised to make a killing here. “If they are marginally competent and that real money gaming works to a certain degree, I don't know if anyone is going to stop them.”\u003c/p>\n\u003cp>Right now, the U.S. market is far from a sure bet. The Department of Justice in December 2011 issued a ruling that allows states to legalize and regulate online gambling. So far, only Nevada and Delaware have done so.\u003c/p>\n\u003cp>Gerard Cunningham, the founder of online casino company Koolbit, predicts more states will soon legalize, and that eventually we will end up with a patchwork of different rules and regulations across the country. That’s already true of online horserace betting. “We will see some states passing poker, some doing slots, some not,” he says. “It is going to be very, very complicated.”\u003c/p>\n\u003cp>That complicated patchwork of states will be a regulatory nightmare and will limit the market for games that require large pools of users, like online pokers. To achieve enough liquidity for a viable market, small states will need to sign treaties so that players can compete across borders. The goal of a big, integrated market, is one reason that Zynga is lobbying hard on the federal level.\u003c/p>\n\u003cp>\u003cstrong>Short-Term Play?\u003c/strong>\u003c/p>\n\u003cp>But gambling may just be a short-term strategy for Zynga, gaming expert Gabe Zichermann speculates. Longer term he thinks Zynga is trying to shift to the mobile market and leverage its virtual currency in new ways. Perhaps in the future users will be able to make online purchases with Zynga coins or Facebook credits.\u003c/p>\n\u003cp>Zichermann believes this will be the next big battleground in social gaming, and a major reason why Zynga and Facebook are starting to go their separate ways. “They can't be collaborators the way that they were before,” he says. “They are going to end up brutal competitors.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>In the meantime, much will depend on how Zynga plays its online gambling cards.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/84465/zynga-tries-its-hand-at-online-gambling","authors":["236"],"programs":["news_6944"],"categories":["news_248"],"tags":["news_3643","news_3644","news_249","news_3645","news_205","news_3642","news_1610"],"label":"news_6944"},"news_78834":{"type":"posts","id":"news_78834","meta":{"index":"posts_1591205157","site":"news","id":"78834","score":null,"sort":[1351026032000]},"guestAuthors":[],"slug":"facebook-posts-3q-loss-revenue-jumps","title":"Facebook Posts 3Q Loss, Revenue Jumps","publishDate":1351026032,"format":"aside","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cfigure id=\"attachment_78839\" class=\"wp-caption alignleft\" style=\"max-width: 303px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook.jpg\">\u003cimg class=\"size-large wp-image-78839\" title=\"TO GO WITH US-IT-Internet-IPO-Facebook-A\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook-1024x681.jpg\" alt=\"\" width=\"303\" height=\"201\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Ted Aljibe/AFP/GettyImages)\u003c/figcaption>\u003c/figure>\n\u003cp>NEW YORK (AP) — Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street's expectations.\u003c/p>\n\u003cp>The world's biggest social media company posted a loss of $59 million, or 2 cents per share, in the July-September period. That's down from earnings of $227 million, or 10 cents per share a year ago, when Facebook was still privately held.\u003c/p>\n\u003cp>Excluding special items, mainly related stock compensation expenses, Facebook earned $311 million, or 12 cents per share, in the latest quarter.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.marketwatch.com/story/zynga-confirms-layoffs-cost-reductions-2012-10-23\">Read why Zynga is laying off 5 percent of its workforce\u003c/a>.\n\u003cp>\u003ca href=\"http://investor.fb.com/results.cfm\">Listen to the Facebook earnings call, or read its media release.\u003c/a>\u003c/p>\u003c/aside>\n\u003cp>Revenue rose 32 percent to $1.26 billion from $954 million.\u003c/p>\n\u003cp>Analysts had expected earnings of 11 cents per share on revenue of $1.23 billion, according to FactSet.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Menlo Park, Calif.-based Facebook's stock is up 90 cents, or 4.6 percent, to $20.40 in after-hours trading.\u003c/p>\n\n","blocks":[],"excerpt":null,"status":"publish","parent":0,"modified":1351092529,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":9,"wordCount":172},"headData":{"title":"Facebook Posts 3Q Loss, Revenue Jumps | KQED","description":"NEW YORK (AP) — Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street's expectations. The world's biggest social media company posted a loss of $59 million, or 2 cents per share, in the July-September period. That's down from earnings of $227 million, or","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"Facebook Posts 3Q Loss, Revenue Jumps","datePublished":"2012-10-23T21:00:32.000Z","dateModified":"2012-10-24T15:28:49.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"78834 http://ww2.kqed.org/news/?p=78834","disqusUrl":"https://ww2.kqed.org/news/2012/10/23/facebook-posts-3q-loss-revenue-jumps/","disqusTitle":"Facebook Posts 3Q Loss, Revenue Jumps","path":"/news/78834/facebook-posts-3q-loss-revenue-jumps","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_78839\" class=\"wp-caption alignleft\" style=\"max-width: 303px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook.jpg\">\u003cimg class=\"size-large wp-image-78839\" title=\"TO GO WITH US-IT-Internet-IPO-Facebook-A\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook-1024x681.jpg\" alt=\"\" width=\"303\" height=\"201\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Ted Aljibe/AFP/GettyImages)\u003c/figcaption>\u003c/figure>\n\u003cp>NEW YORK (AP) — Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street's expectations.\u003c/p>\n\u003cp>The world's biggest social media company posted a loss of $59 million, or 2 cents per share, in the July-September period. That's down from earnings of $227 million, or 10 cents per share a year ago, when Facebook was still privately held.\u003c/p>\n\u003cp>Excluding special items, mainly related stock compensation expenses, Facebook earned $311 million, or 12 cents per share, in the latest quarter.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.marketwatch.com/story/zynga-confirms-layoffs-cost-reductions-2012-10-23\">Read why Zynga is laying off 5 percent of its workforce\u003c/a>.\n\u003cp>\u003ca href=\"http://investor.fb.com/results.cfm\">Listen to the Facebook earnings call, or read its media release.\u003c/a>\u003c/p>\u003c/aside>\n\u003cp>Revenue rose 32 percent to $1.26 billion from $954 million.\u003c/p>\n\u003cp>Analysts had expected earnings of 11 cents per share on revenue of $1.23 billion, according to FactSet.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Menlo Park, Calif.-based Facebook's stock is up 90 cents, or 4.6 percent, to $20.40 in after-hours trading.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/78834/facebook-posts-3q-loss-revenue-jumps","authors":["237"],"programs":["news_6944"],"categories":["news_248"],"tags":["news_249","news_352","news_1610"],"label":"news_6944"},"news_71469":{"type":"posts","id":"news_71469","meta":{"index":"posts_1591205157","site":"news","id":"71469","score":null,"sort":[1343250584000]},"guestAuthors":[],"slug":"zynga-shares-plummet-after-earnings-report","title":"Zynga Shares Buy the Farmville After Earnings Report","publishDate":1343250584,"format":"aside","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/zyngalogo.png\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/zyngalogo.png\" alt=\"\" title=\"zyngalogo\" width=\"145\" height=\"35\" class=\"alignleft size-full wp-image-50332\">\u003c/a>Is 35 percent a \"plummet\" or a \"plunge\"? \u003c/p>\n\u003cp>Whichever -- \u003ca href=\"http://finance.yahoo.com/q?s=znga&ql=1\">Zynga shares\u003c/a>, that's what they're doing right now. Zynga is the San Francisco-based online game maker known for CityVille, FarmVille and other popular titles.\u003c/p>\n\u003cp>Here's the lead from the \u003ca href=\"http://blogs.wsj.com/marketbeat/2012/07/25/facebook-shares-slammed-after-zyngas-big-earnings-miss/?mod=yahoo_hs\">Wall Street Journal\u003c/a>:\u003c/p>\n\u003cp>\"Zynga’s earnings just stunk up the joint and the company is partly blaming Facebook for the disappointing results.\"\u003c/p>\n\u003cp>(Boy, things have changed under Rupert Murdoch.)\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\">Facebook shares\u003c/a> are buying the FarmVille too, right now, down about 8 percent.\u003c/p>\n\u003cp>AP's report on Zynga:\u003c/p>\n\u003cblockquote>\u003cp>Zynga says it had a loss in the second quarter, with adjusted earnings and revenue below Wall Street's expectations.\u003c/p>\n\u003cp>Zynga said Wednesday that it lost $22.8 million, or 3 cents per share, in the April-June quarter. That's down from earnings of $1.4 million a year ago when it was still privately held. Its per-share results last year were at breakeven. Adjusted earnings were a penny per share, below expectations of 5 cents per share. Zynga says revenue grew 19 percent to $332 million. Analysts surveyed by expected $342.8 million.\u003c/p>\n\u003cp>Zynga had a lot riding on this quarter. Investors had been punishing its stock because of worries about declining user numbers.\n\u003c/p>\u003c/blockquote>\n\u003cp>We asked Sam Hamadeh, CEO of IPO research firm Privco for his take on the news. \u003c/p>\n\u003cp>\"Zynga's results are weak by every measure,\" he said in an email. \"Bookings in the quarter missed by over 15%, barely above $300M, rather than the $350M expected by analysts, a figure itself already lowered by analysts in recent weeks. [This is] Zynga's most important measure, as it measures dollar transactions of games and virtual goods sold in the quarter.\u003c/p>\n\u003cp>\"The quarter shows clear signs that other gaming companies are now taking market share from Zynga, which unlike in 2010 and early 2011 is no longer 'the only game in town' on the Facebook platform.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Tomorrow, Facebook will release its first quarterly results since going public. Hamadeh said it may not be pretty: \"[Zynga] results augur poorly for the Payments revenue line item (15% of Facebook's business) in Facebook's results.\"\u003c/p>\n\n","blocks":[],"excerpt":null,"status":"publish","parent":0,"modified":1343253791,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":16,"wordCount":359},"headData":{"title":"Zynga Shares Buy the Farmville After Earnings Report | KQED","description":"Is 35 percent a "plummet" or a "plunge"? Whichever -- Zynga shares, that's what they're doing right now. Zynga is the San Francisco-based online game maker known for CityVille, FarmVille and other popular titles. Here's the lead from the Wall Street Journal: "Zynga’s earnings just stunk up the joint and the company is partly blaming","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"Zynga Shares Buy the Farmville After Earnings Report","datePublished":"2012-07-25T21:09:44.000Z","dateModified":"2012-07-25T22:03:11.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"71469 http://ww2.kqed.org/news/?p=71469","disqusUrl":"https://ww2.kqed.org/news/2012/07/25/zynga-shares-plummet-after-earnings-report/","disqusTitle":"Zynga Shares Buy the Farmville After Earnings Report","path":"/news/71469/zynga-shares-plummet-after-earnings-report","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/zyngalogo.png\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/zyngalogo.png\" alt=\"\" title=\"zyngalogo\" width=\"145\" height=\"35\" class=\"alignleft size-full wp-image-50332\">\u003c/a>Is 35 percent a \"plummet\" or a \"plunge\"? \u003c/p>\n\u003cp>Whichever -- \u003ca href=\"http://finance.yahoo.com/q?s=znga&ql=1\">Zynga shares\u003c/a>, that's what they're doing right now. Zynga is the San Francisco-based online game maker known for CityVille, FarmVille and other popular titles.\u003c/p>\n\u003cp>Here's the lead from the \u003ca href=\"http://blogs.wsj.com/marketbeat/2012/07/25/facebook-shares-slammed-after-zyngas-big-earnings-miss/?mod=yahoo_hs\">Wall Street Journal\u003c/a>:\u003c/p>\n\u003cp>\"Zynga’s earnings just stunk up the joint and the company is partly blaming Facebook for the disappointing results.\"\u003c/p>\n\u003cp>(Boy, things have changed under Rupert Murdoch.)\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\">Facebook shares\u003c/a> are buying the FarmVille too, right now, down about 8 percent.\u003c/p>\n\u003cp>AP's report on Zynga:\u003c/p>\n\u003cblockquote>\u003cp>Zynga says it had a loss in the second quarter, with adjusted earnings and revenue below Wall Street's expectations.\u003c/p>\n\u003cp>Zynga said Wednesday that it lost $22.8 million, or 3 cents per share, in the April-June quarter. That's down from earnings of $1.4 million a year ago when it was still privately held. Its per-share results last year were at breakeven. Adjusted earnings were a penny per share, below expectations of 5 cents per share. Zynga says revenue grew 19 percent to $332 million. Analysts surveyed by expected $342.8 million.\u003c/p>\n\u003cp>Zynga had a lot riding on this quarter. Investors had been punishing its stock because of worries about declining user numbers.\n\u003c/p>\u003c/blockquote>\n\u003cp>We asked Sam Hamadeh, CEO of IPO research firm Privco for his take on the news. \u003c/p>\n\u003cp>\"Zynga's results are weak by every measure,\" he said in an email. \"Bookings in the quarter missed by over 15%, barely above $300M, rather than the $350M expected by analysts, a figure itself already lowered by analysts in recent weeks. [This is] Zynga's most important measure, as it measures dollar transactions of games and virtual goods sold in the quarter.\u003c/p>\n\u003cp>\"The quarter shows clear signs that other gaming companies are now taking market share from Zynga, which unlike in 2010 and early 2011 is no longer 'the only game in town' on the Facebook platform.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Tomorrow, Facebook will release its first quarterly results since going public. Hamadeh said it may not be pretty: \"[Zynga] results augur poorly for the Payments revenue line item (15% of Facebook's business) in Facebook's results.\"\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/71469/zynga-shares-plummet-after-earnings-report","authors":["80"],"programs":["news_6944"],"categories":["news_1758"],"tags":["news_249","news_38","news_1610"],"label":"news_6944"},"news_56054":{"type":"posts","id":"news_56054","meta":{"index":"posts_1591205157","site":"news","id":"56054","score":null,"sort":[1328903650000]},"guestAuthors":[],"slug":"hasbro-to-team-up-with-zynga","title":"Hasbro to Team Up With Zynga -- Offline","publishDate":1328903650,"format":"aside","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>From our public radio colleagues at Marketplace, a report on San Francisco-based online game sensation Zynga and its coming partnership with old-school gaming company Hasbro. Zynga, apparently, wants to expand offline into non-electronic, three-dimensional, real-world board games. (You know, with the dice and stuff...)\u003c/p>\n\u003cp>This comes after Hasbro competitor Mattel went all Angry Birds last year. (\u003ca href=\"http://www.youtube.com/watch?v=MzFUV4yb4RE\">Video here\u003c/a>.)\u003c/p>\n\u003cp>Read the \u003ca href=\"http://www.marketplace.org/topics/business/hasbro-team-zynga\">Marketplace report\u003c/a>.\u003c/p>\n\u003cp>Zynga, you will recall, \u003ca href=\"http://ww2.kqed.org/news/2011/12/16/zynga-goes-public-real-time-stock-quotes/\">went public with a bit of a thud\u003c/a> in December. The stock has been on an \u003ca href=\"http://finance.yahoo.com/echarts?s=ZNGA+Interactive#symbol=znga;range=3m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;\">upswing\u003c/a>, however, the last month.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n","blocks":[],"excerpt":null,"status":"publish","parent":0,"modified":1328983844,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":6,"wordCount":94},"headData":{"title":"Hasbro to Team Up With Zynga -- Offline | KQED","description":"From our public radio colleagues at Marketplace, a report on San Francisco-based online game sensation Zynga and its coming partnership with old-school gaming company Hasbro. Zynga, apparently, wants to expand offline into non-electronic, three-dimensional, real-world board games. (You know, with the dice and stuff...) This comes after Hasbro competitor Mattel went all Angry Birds last","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":"","schema":{"@context":"http://schema.org","@type":"NewsArticle","headline":"Hasbro to Team Up With Zynga -- Offline","datePublished":"2012-02-10T19:54:10.000Z","dateModified":"2012-02-11T18:10:44.000Z","image":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png","isAccessibleForFree":"Y","publisher":{"@type":"NewsMediaOrganization","@id":"https://www.kqed.org/#organization","name":"KQED","url":"https://www.kqed.org","logo":"https://cdn.kqed.org/wp-content/uploads/2020/02/KQED-OG-Image@1x.png"}}},"disqusIdentifier":"56054 http://ww2.kqed.org/news/?p=56054","disqusUrl":"https://ww2.kqed.org/news/2012/02/10/hasbro-to-team-up-with-zynga/","disqusTitle":"Hasbro to Team Up With Zynga -- Offline","path":"/news/56054/hasbro-to-team-up-with-zynga","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>From our public radio colleagues at Marketplace, a report on San Francisco-based online game sensation Zynga and its coming partnership with old-school gaming company Hasbro. Zynga, apparently, wants to expand offline into non-electronic, three-dimensional, real-world board games. (You know, with the dice and stuff...)\u003c/p>\n\u003cp>This comes after Hasbro competitor Mattel went all Angry Birds last year. (\u003ca href=\"http://www.youtube.com/watch?v=MzFUV4yb4RE\">Video here\u003c/a>.)\u003c/p>\n\u003cp>Read the \u003ca href=\"http://www.marketplace.org/topics/business/hasbro-team-zynga\">Marketplace report\u003c/a>.\u003c/p>\n\u003cp>Zynga, you will recall, \u003ca href=\"http://ww2.kqed.org/news/2011/12/16/zynga-goes-public-real-time-stock-quotes/\">went public with a bit of a thud\u003c/a> in December. The stock has been on an \u003ca href=\"http://finance.yahoo.com/echarts?s=ZNGA+Interactive#symbol=znga;range=3m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;\">upswing\u003c/a>, however, the last month.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\u003cp>\u003c/p>\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/56054/hasbro-to-team-up-with-zynga","authors":["80"],"programs":["news_6944"],"categories":["news_1758","news_248"],"tags":["news_383","news_1610"],"label":"news_6944"}},"programsReducer":{"possible":{"id":"possible","title":"Possible","info":"Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. 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You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>","imageSrc":"https://cdn.kqed.org/wp-content/uploads/2024/04/Mindshift-Podcast-Tile-703x703-1.jpg","imageAlt":"KQED MindShift: How We Will Learn","officialWebsiteLink":"/mindshift/","meta":{"site":"news","source":"kqed","order":"2"},"link":"/podcasts/mindshift","subscribe":{"apple":"https://podcasts.apple.com/us/podcast/mindshift-podcast/id1078765985","google":"https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5","npr":"https://www.npr.org/podcasts/464615685/mind-shift-podcast","stitcher":"https://www.stitcher.com/podcast/kqed/stories-teachers-share","spotify":"https://open.spotify.com/show/0MxSpNYZKNprFLCl7eEtyx"}},"morning-edition":{"id":"morning-edition","title":"Morning Edition","info":"\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. 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On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. 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For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us","airtime":"SUN 2pm-3pm, MON 12am-1am","imageSrc":"https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/onTheMedia.png","officialWebsiteLink":"https://www.wnycstudios.org/shows/otm","meta":{"site":"news","source":"wnyc"},"link":"/radio/program/on-the-media","subscribe":{"apple":"https://itunes.apple.com/us/podcast/on-the-media/id73330715?mt=2","tuneIn":"https://tunein.com/radio/On-the-Media-p69/","rss":"http://feeds.wnyc.org/onthemedia"}},"our-body-politic":{"id":"our-body-politic","title":"Our Body Politic","info":"Presented by KQED, KCRW and KPCC, and created and hosted by award-winning journalist Farai Chideya, Our Body Politic is unapologetically centered on reporting on not just how women of color experience the major political events of today, but how they’re impacting those very issues.","airtime":"SAT 6pm-7pm, SUN 1am-2am","imageSrc":"https://cdn.kqed.org/wp-content/uploads/2024/04/Our-Body-Politic-Podcast-Tile-360x360-1.jpg","officialWebsiteLink":"https://our-body-politic.simplecast.com/","meta":{"site":"news","source":"kcrw"},"link":"/radio/program/our-body-politic","subscribe":{"apple":"https://podcasts.apple.com/us/podcast/our-body-politic/id1533069868","google":"https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9feGFQaHMxcw","spotify":"https://open.spotify.com/show/4ApAiLT1kV153TttWAmqmc","rss":"https://feeds.simplecast.com/_xaPhs1s","tuneIn":"https://tunein.com/podcasts/News--Politics-Podcasts/Our-Body-Politic-p1369211/"}},"pbs-newshour":{"id":"pbs-newshour","title":"PBS NewsHour","info":"Analysis, background reports and updates from the PBS NewsHour putting today's news in context.","airtime":"MON-FRI 3pm-4pm","imageSrc":"https://cdn.kqed.org/wp-content/uploads/2024/04/PBS-News-Hour-Podcast-Tile-360x360-1.jpg","officialWebsiteLink":"https://www.pbs.org/newshour/","meta":{"site":"news","source":"pbs"},"link":"/radio/program/pbs-newshour","subscribe":{"apple":"https://itunes.apple.com/us/podcast/pbs-newshour-full-show/id394432287?mt=2","tuneIn":"https://tunein.com/radio/PBS-NewsHour---Full-Show-p425698/","rss":"https://www.pbs.org/newshour/feeds/rss/podcasts/show"}},"perspectives":{"id":"perspectives","title":"Perspectives","tagline":"KQED's series of of daily listener commentaries since 1991","info":"KQED's series of of daily listener commentaries since 1991.","imageSrc":"https://cdn.kqed.org/wp-content/uploads/2024/04/Perspectives-Podcast-Tile-703x703-1.jpg","officialWebsiteLink":"/perspectives/","meta":{"site":"radio","source":"kqed","order":"15"},"link":"/perspectives","subscribe":{"apple":"https://podcasts.apple.com/us/podcast/id73801135","npr":"https://www.npr.org/podcasts/432309616/perspectives","rss":"https://ww2.kqed.org/perspectives/category/perspectives/feed/","google":"https://podcasts.google.com/feed/aHR0cHM6Ly93dzIua3FlZC5vcmcvcGVyc3BlY3RpdmVzL2NhdGVnb3J5L3BlcnNwZWN0aXZlcy9mZWVkLw"}},"planet-money":{"id":"planet-money","title":"Planet Money","info":"The economy explained. 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In the Radiolab world, information sounds like music and science and culture collide. Hosted by Jad Abumrad and Robert Krulwich, the show is designed for listeners who demand skepticism, but appreciate wonder. 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The result is stories that inform and inspire, arming our listeners with information to right injustices, hold the powerful accountable and improve lives.Reveal is hosted by Al Letson and showcases the award-winning work of CIR and newsrooms large and small across the nation. In a radio and podcast market crowded with choices, Reveal focuses on important and often surprising stories that illuminate the world for our listeners.","airtime":"SAT 4pm-5pm","imageSrc":"https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/reveal300px.png","officialWebsiteLink":"https://www.revealnews.org/episodes/","meta":{"site":"news","source":"npr"},"link":"/radio/program/reveal","subscribe":{"apple":"https://itunes.apple.com/us/podcast/reveal/id886009669","tuneIn":"https://tunein.com/radio/Reveal-p679597/","rss":"http://feeds.revealradio.org/revealpodcast"}},"says-you":{"id":"says-you","title":"Says You!","info":"Public radio's game show of bluff and bluster, words and whimsy. 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