Google invests up to $200m in Zynga
Farmville creator said to be raking it in.
Google has invested between $100 million and $200 million in Zynga, the social gaming company behind titles like Farmville and Mafia Wars.
That's according to Tech Crunch, which also reports Zynga raised half a billion dollars in venture capital over the past year.
Word is a new Google Games service will launch by 2011. It will give users the option to play social games and Google the opportunity to track their habits, apparently.
Not that Zynga needs the money. Tech Crunch's sources reckon the company has made $350 million this year, around 50 per cent of which is operating profit. The estimate for 2011 revenue stands at $1 billion.
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Comments (23) Latest comment 2 years ago
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No. I've only played Mafia Wars on the iPhone but it's complete turd.
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Do you wish to send this "Mwha ha ha ha" to your friends?
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I'm not sure if you can legitimately complain about this unless you are an anti-capitalist.
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Why do you persist on reporting on such fucking bullshit?!
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Let's face it guys, if any of us had the idea to link a game into Facebook a couple of years back, only to see it go on to be mega-successful (much more so than the traditional kind of games we play), would we not have been all over it?!
I personally dislike these games, buy my missus, sister-in-law and mother-in-law do not agree! Before this, the only game any of them really played was Animal Crossing, which has similarities, except for the social aspect...
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Yes, I am jealous of their wealth for making so much money out of something so bad. My first post hinted as much.
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Vice.Destroyer has got the right idea, just becasue it is not to our tastes, that does not make it bad.
Seriously, the amount of people I know that have rarely, if ever played a videogame in the last few years that are playing Farmville is phenominal!
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Zynga 'games' have no redeeming qualities as far as I am concerned.
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Can someone please explain the appeal? What are the quality elements of either title?
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Mike Arrington wrote about these guys last October. They are basically engaged in criminal fraud.
A typical scam: users are offered in game currency in exchange for filling out an IQ survey. Four simple questions are asked. The answers are irrelevant. When the user gets to the last question they are told their results will be text messaged to them. They are asked to enter in their mobile phone number, and are texted a pin code to enter on the quiz. Once they’ve done that, they’ve just subscribed to a $9.99/month subscription. Tatto Media is the company at the very end of the line on most mobile scams, and they flow it up through Offerpal, SuperRewards and others to the game developers. As you can see in the image below, nothing in the offer says that the user will be billed $10/month forever for a useless service.
Another scam: Video Professor. Users are offered in game currency if they sign up to receive a free learning CD from Video Professor. The user is told they pay nothing except a $10 shipping charge. But the fine print, on a different page from checkout, tells them they are really getting a whole set of CDs and will be billed $189.95 unless they return them. Most users never return them because they don’t know about the extra charge. Woot. Again, sites like Offerpal and SuperRewards flow these offers through to game developers.
The saddest thing for me personally is that Brian Reynolds (Colonistaion, Civ 2, Alpha Centauri, Rise of Nations) is now their chief games designer.
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Edit: the funny thing is the author's comments on that page:
"Or rather, a company which, having announced that it expected to turn over $200 to $250 million, is now actually going to lose somewhere between 20 and 70 per cent of that revenue - and that's assuming the whole affair doesn't hit the mainstream press and cause serious reputation damage... So yes, it's an object lesson for existing games industry companies in how not to approach these new markets - assuming that you want to keep your job at the end of the day."
Now they are darlings of the industry.
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Farmville is the most played game in the history of videogames. There have been over 100 million installs. It is almost entirely being played by casual gamers. For many people it's the first video game they have ever played. It cannot be healthy for the games industry as a whole if the first video game some of these people have ever played is actually just a con-job.
I'm not surprised that the general populace doesn't know about this. I am surprised judging by the comments that most eurogamers don't know what kind of company Zynga are.
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I do, they're no better than the likes of those 'company's' who advertise 'work at home' jobs. Send them £50 to get the starter pack and you never hear from them again.
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