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Wednesday, Oct 24
2012, 6:02 PM
Mark Pincus didn't mince words during Zynga's Q3 call: he admitted Zynga didn't innovate on...
Mark Pincus didn't mince words during Zynga's Q3 call: he admitted Zynga didn't innovate on content and features; that new games weren't introduced quickly enough; and that execution is to blame for Facebook gaming share losses. Several studio closures are part of Zynga's restructuring, as are plans to make more "high-engagement" mobile titles - mobile is now 20% of bookings. New video ad solutions (previous) are also on tap. ZNGA +13.2% AH. FB +1.3%, adding to the day's big gains. (live blog) (Q3 results: I, II)