Solidifies owner’s ownership.
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Tag: Shares
Zynga Recovering With Higher Than Expected Earnings
Zynga’s stock has recovered most of its value following the announcement that CEO Don Mattrick would step down with Mark Pincus taking his place. Zynga’s stock fell heavily with Pincus’ return, down to a low of $2.38 from its $2.90.
Investors are responding well to Zynga’s latest quarterly results, in which the company announced severe downsizing. As part of proposed cuts, Zynga will shut down its $100 million dollar data centers and switch over to Amazon. In addition, the company will lay off 364 employees, nearly 20% of its workforce,
We need to be more resourceful in how we manage our costs in order to fund our investments in new games, people and data and analytics. We’ve overburdened our game teams with complexity and centralized expenditure.
The cuts are expected to save $100 million annually.
For the first quarter of 2015, Zynga’s daily active users remained flat (25 million) while monthly active users fell (100 from 108 million) and monthly unique users grew (73 million from 71 million). Revenue fell further, however earnings were higher than expected.
(Source: Zynga)
Star Vault Private Placement For Steam
Star Vault has announced the private placement of 2.6 million SEK in shares to allow for greater development and hone in on a launch on Steam. The issue includes ten million B-shares among several private investors at a price of .26 SEK per share to Markus Hodell, Magnus Uppsäll, William LW Nock and Joan Mir. According to the announcement, obtaining the capital required to bring Mortal Online to Steam was not possible with a simple rights issuance.
Henrik Nystrom commented on the placement, noting his enthusiasm that the revenue will spur development and prepare Mortal Online for a boost in traffic once it is available on Steam.
An example of major updates that many players looking forward to for months is a developed territory-system we call Dominion. This will give players many new play features where one can design their own cities and provide various services to other players. This is a long-sought systems that require large playing surfaces then it’s up to the players to be creative in designing their cities. We estimate that these areas will begin to be launched beginning in October 2013 and continue accelerating until the first quarter of 2014.
You can read the entire announcement at the link below.
(Source: Aktie Torget)
Funcom’s Shares Tank After The Secret World Launch
This week has certainly been interesting for Funcom. The Secret World launched earlier this week to be met with mostly positive reviews by critics. On the eve of the game’s launch, however, Funcom’s CEO Trond Arne Aas resigned his role while staying on as a strategic adviser.
“The company’s financial position is strong and the foundation of the company’s long-term product and technology strategy is in place. It feels like a very natural point in time for me to make the transition to a new and freer role in the company, but I will remain committed to the Company both as a major shareholder and as an employee.”
In the past week, Funcom’s stock has dropped nearly 40%. Shares started the week out at $2.85 and since dropped to $1.73.
(Source: Gamespot)
Funcom's Shares Tank After The Secret World Launch
This week has certainly been interesting for Funcom. The Secret World launched earlier this week to be met with mostly positive reviews by critics. On the eve of the game’s launch, however, Funcom’s CEO Trond Arne Aas resigned his role while staying on as a strategic adviser.
“The company’s financial position is strong and the foundation of the company’s long-term product and technology strategy is in place. It feels like a very natural point in time for me to make the transition to a new and freer role in the company, but I will remain committed to the Company both as a major shareholder and as an employee.”
In the past week, Funcom’s stock has dropped nearly 40%. Shares started the week out at $2.85 and since dropped to $1.73.
(Source: Gamespot)
Buy Star Vault Stock! Only 5 Cents A Share!
Mortal Online has been creeping its way towards success since its launch last year, and not unlike the mass of polyps in my face, removing the problems is going to require a lot of work, time, and perhaps some major surgery. As it stands, however, Star Vault has taken the “no publicity is better than bad publicity” approach, one that I myself have encouraged and several other MMOs featured here are currently using, and Henrik Nystrom is holding off on advertising Mortal Online until the game reaches a marketable state.
Unfortunately, development doesn’t pay the bills, and likely not even Henrik can continue using the family coffers forever. Star Vault, on a Swedish trading website, announced that 9.9 million Class B shares will go up for sale for .36 SEK each, a figure which rounds to about 5 cents USD per share. I don’t think it takes an expert to know that those are extraordinarily low stock prices.
Hopefully this influx of cash will mean faster development toward that era of marketability that Star Vault so greatly desires and likely needs at this point. I mean, it has to get worse before it can get better, right?
More on Mortal Online as it appears.
MMO Fallout 