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Tuesday, Feb 5
Fresh off a quarter where R&D spending fell 70% Y/Y, Zynga (ZNGA) is shuttering CityVille 2...
Fresh off a quarter where R&D spending fell 70% Y/Y, Zynga (ZNGA) is shuttering CityVille 2 and two other games. Not getting shuttered is FarmVille 2, which Zynga says exceeded expectations by 100% and will soon hit mobile devices. 72M of Zynga's 298M MAUs are mobile-only, and (like Facebook, Yahoo, etc.) a majority of workers are now focused on mobile. But Draw Something users continue to decline. Zynga Poker MAUs rose 8% Y/Y to 37M, and real-money gambling titles will be launched in partnership with bwin.party in 1H. Shares +5.8% AH. (CC live blog)