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Massive restructure forces Zynga to lay off more than 500 employees

Massive restructure forces Zynga to lay off more than 500 employees
  • Posted June 4, 2013, 9:00 AM by Shawn Knight | Filed in Gaming
  • In what is probably a surprise to very few people at this point, fledgling social games provider Zynga is laying off nearly 20 percent of their workforce as part of a massive restructuring effort. Do the math and that comes…

Sony unveils the PlayStation 4, coming this holiday season

Sony unveils the PlayStation 4, coming this holiday season
  • Posted February 20, 2013, 8:30 PM by Shawn Knight | Filed in Gaming Breaking News
  • Sony introduced the PlayStation 4 at a media event on Wednesday evening nearly seven years after launching the company’s current console back in 2006. Some 1,200 members of the press were on hand to witness the unveiling of a new…

Facebook and Zynga renegotiate and extend contract through 2015

Facebook and Zynga renegotiate and extend contract through 2015
  • Posted December 13, 2012, 7:30 AM by Shawn Knight | Filed in Gaming
  • Facebook and Zynga have extended and renegotiated a contract that was set to expire in early 2013. The two companies were expected to part ways as recently as yesterday but that is no longer the case. The new deal ensures…

Zynga quietly lays off 100+ employees, disbands "The Ville" team

Zynga quietly lays off 100+ employees, disbands "The Ville" team
  • Posted October 23, 2012, 5:30 PM by Shawn Knight | Filed in Gaming
  • In October 2010, social gaming developer Zynga was riding a massive wave of success. The start-up was valued at roughly $5.5 billion - higher than console publisher Electronic Arts at the time. Plans of taking the company public were well…

EA files lawsuit againt Zynga, claims 'The Ville' copied 'The Sims Social'

EA files lawsuit againt Zynga, claims
  • Posted August 3, 2012, 6:30 PM by Shawn Knight | Filed in Gaming, Industry News
  • Electronic Arts have filed a lawsuit against social gaming company Zynga citing copyright infringement. EA claims that Zynga’s The Ville “copied the original and distinctive expressive elements” found in The Sims Social, according to a blog post from Lucy Bradshaw,…

Zynga insiders dumped a lot of stock before it tanked, now under investigation

Zynga insiders dumped a lot of stock before it tanked, now under investigation
  • Posted July 30, 2012, 7:30 AM by Jason Schreier | Filed in Industry News, Gaming

  • Zynga CEO Mark Pincus dumped $200 million worth of stock this past April, three months before his company's stock suddenly tanked last week. According to Yahoo News, Pincus sold $200 million worth of stock back in April, just when the year's second financial quarter had begun.

FTC fines RockYou $250,000 for exposing identities of 32 million gamers

FTC fines RockYou $250,000 for exposing identities of 32 million gamers
  • Posted March 28, 2012, 5:00 PM by Rick Burgess | Filed in IT Security, Gaming
  • Online social gaming outfit, RockYou, has settled with the FTC after an embarrassing security snafu in 2009 allowed hackers to reveal the accounts and passwords of more than 32 million users. The company has been fined $250,000 and is required…

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