Is there anywhere a list of investors who called Zynga a "big deal" two-three years earlier?
Those investors were all very astute, and you can bet they were mostly out after the IPO.
Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
101–110 of 207 posts
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#102Earlier quoted context omitted.
Now why should it be any different? There are a few companies experimenting with different hierarchies, hierarchy-less, and different role/position value assignments (tied somewhat with hierarchy), but in general I think pitch-forking the "1%" is just the "herd entitlement". If you're on the bottom and don't like it, then get on top; this day and age that is actually possible . In history prior, you had to be born in…
I guess I'm not getting what you're not understanding, Ixiaus. If you accept the premise that an injustice exists, of what use is it to argue repetitively that one should "get on top", if one has a problem with it? You seem to assume that the OP is saying "It's not fair, why can't I be on top??" when he's not arguing anything of the sort. Not everything is about winning. Is it possible that you're presenting a clever…
Oh I understand clearly, there are lots of people on here complaining about injustices and that someone needs to fix them. I'm telling them that they are being ridiculous and should just go do what they want to do and that no one (including the "leeches") is stopping them.
I don't accept the premise that an injustice exists. Someone being "on the bottom" isn't an injustice, it's a social role. It's a social role that if someone doesn't like being there, they can decide and act to elevate themselves into a different social role (one with more power? one with more freedom? one with more money? one with no attachements? there's a lot of different social roles in our society - none of them are being done an injustice but by the people that stay within their role and complain about it).
I never said anything is about winning. Everything is about how happy you are, clearly the OP is unhappy about something and all of the words written so far saying "stop complaining, go build something yourself and exemplify the morality you think is right" are totally spot on.
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#103That developer who opted out is looking like a genius right now.
What developer who opted out of what?
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#104I want to know what kind of thought process goes on company/individual's mind when they decide to do an acquisition like this, for $200M, which doesn't make enough money to justify it. You would think when you are throwing around that kind of money, they would do some rudimentary research? How much money was omgpop making at the time of the acquisition?
How much money was omgpop making at the time of the acquisition? That's probably an overly simplistic way of looking at it. OMGPOP had very little money in the bank but had just gotten a runaway hit with Draw Something. So they were a prime target to take over
All I know is that they were bringing in at least $250k/day around acquisition time.
Link: http://www.businessinsider.com/heres-why-200-million-is-chea...
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#105Earlier quoted context omitted.
One could argue that the system is currently set up to benefit executives (who often end up winning, regardless of whether the company loses) at the expense of shareholders and/or the general public. One could argue that this is a problem that market forces can't fix, and therefore that a regulatory solution is called for. One might refer to this sort of regulation as "taking back" the unfair advantages the executive…
Shame on the shareholders, then, for letting that happen. In the case of Zynga, why did they buy stock? Was it because Zynga was an amazing company with brilliant technology, a solid executive team focusing on long term fundamentals and sustainable business practices? Or did most of them invest because the stock price was going up and the business had buzzwords like "social", and so they jumped in like sheep to try t…
But that's fundamentally because of the stupidity and laziness of the shareholders.
It's kinda cute that you believe that, and are prepared to go to any length to blame immoral behavior on anyone you can find other than the people engaging in the behavior.
Also, beyond the initial purchase of the stock -- which may be well before any signs of trouble -- shareholders can easily be made to have zero power; even the power to replace directors through shareholder elections can be taken away:
http://www.nytimes.com/2013/04/13/business/sham-shareholder-...
"My shares count more than yours", requiring an ousted director's approval of his own ousting, plurality voting which allows directors to remain even when they can't muster a majority... the list of tricks goes on and on.
I am not normally the type to say this, but: in the case of corporate governance, the system is now actually rigged against shareholders. Much larger changes than just "don't buy stock in a company that will later go bad" are needed.
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#106I bet all the execs got well paid for their terrible efforts though and they will slide into new positions of power regardless of their merit. We need to take our industry back from the leeches. The near-sighted execs with nothing but paper accolades and networks of cronies.
Start your own company then and set an example instead of criticizing others. Edit: Thanks for all the upvotes/support. To those who see this as legitimate criticism, really? The OP elaborated on nothing - no constructive criticisms were made. Instead, it just sounds like pure anger and naïveté on my end, alluding to all entrepreneurs trying to make it/who have made it as "leeches" and "near-sighted execs" that have…
It's legit because IMHO there is a pervading feeling across the industry that we are being taken advantage of. Ask around, I can't be the only one that feels as if there are a bunch of hanger-ons who learn the bare minimum about tech and want to share in the riches. Look around you.
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#107[deleted]
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#108Earlier quoted context omitted.
Following your reasoning, there is no reason to criticise any entitlments. "MEPs have huge salaries?" "Mayors are giving social housing to their families?" "Government Railway employees get gold-plated pensions?": "Stop complaining! Just become one of them!"
Well, yeah. I basically am saying "stop complaining" but I'm not directly saying "become one of them" I'm saying "become what you WANT".
I'm curious. Do you only say "stop complaining" when it's an issue you don't personally have a problem with? Or do you legitimately believe that no one should ever complain about anything?
If you don't think an injustice exists, wonderful, you should argue that point. Something like "Stop complaining, because..." Or don't argue that point and don't participate in the conversation. But the endless "stop complaining because I personally don't have a problem with this" is highly annoying.
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#109| "but most of my team had new jobs lined up | by the time they left the building anyway." I've never experienced this. Does this mean that they were already looking, or that they were able to immediately call someone up and get a job offer on-demand? Edit: To be clear, having 'a job lined up' to me means that they already at least have an offer, rather than just a bunch of emails from recruiters and/or people lookin…
If it's anything like San Francisco, once word spreads that a gaming company is shuttering, there's pretty much a "land grab" from the other local companies for talent.
Every time one of these things happens, I actively see (employed) game-dev buddies on Facebook publicly advertising jobs at their present companies to their newly laid-off friends.
Game developers are still a pretty tight-knit group. It's not like getting laid off from a Wal-Mart.
Re: Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
#110Earlier quoted context omitted.
There's also many other companies not on that list too. If you're a smart engineer in NYC who wants a new job, if you really want to, you could totally play offer letter Pokemon on a pretty short time scale. ("Gotta collect em all!") Psa: if you're a smart engineer in NYC and you're not being paid market rate, please get a new job now, your equity has a median value of zero anyways. The lowest I've seen a smart junio…
What is a good salary for a (full stack) software engineer in NYC with 7 years of experience in the field?
With leadership responsibilities or just individual contributor role?