There’s little joy in FarmVille or CityVille following a disappointing earnings report from Zynga. The social-games maker announced losses of almost $23 million during the second quarter, and that triggered a 40 percent drop in its stock price.
Among other things, Zynga officials cited “a more challenging environment” on Facebook, which saw its stock hit all-time lows in after-hours trading Thursday following the release of its first earnings report since going public in May.
For Zynga CEO Mark Pincus, the disappointing earnings confirm what he already knew: His company needs to move aggressively beyond Facebook into mobile gaming and other horizons. To that end, Pincus announced Wednesday the company plans to get into real-money gambling games in 2013. And as he told Slate’s Jacob Weisberg in a recent interview, the future success of social gaming depends on a rather simple principle: lowering the barriers to play.
In the days ahead, look for more of our interview with Pincus, including his take on Facebook CEO Mark Zuckerberg.
TODAY IN SLATE
The Budget Disaster that Sabotaged the WHO’s Response to Ebola
Are the Attacks in Canada a Sign of ISIS on the Rise in the West?
PowerPoint Is the Worst, and Now It’s the Latest Way to Hack Into Your Computer
Is It Offensive When Kids Use Bad Words for Good Causes?
Fascinating Maps Based on Reddit, Craigslist, and OkCupid Data
The Real Secret of Serial
What reporter Sarah Koenig actually believes.
The Actual World
“Mount Thoreau” and the naming of things in the wilderness.