Founded by Mark Pincus in 2007, Zynga is a company that develops and operates online social games. It also provides advertising services for its games. Its products are available on mobile platforms, such as Android and Apple iOS.
In the past few years, Zynga has become an important company in the video game industry. The company is known for its social gaming platforms, including FarmVille and Words with Friends. It also has hit titles such as Hit it Rich! Slots and CSR Racing.
Zynga has 13 studios around the world, including Los Gatos, Sunnyvale, Bangalore and Los Angeles. It has also signed a licensing deal with Hasbro to develop merchandise for its games. Zynga is also a major partner with Facebook. It has a total of 205 million monthly active users.
Zynga is a subsidiary of Take-Two Interactive Software, Inc. Its primary focus is on mobile platforms. The company is known for its titles, including Words with Friends, FarmVille and Texas Hold ’em Poker. The company also offers live services, which provide a steady stream of fresh content.
Zynga has a market cap of over $10.5 billion. Its shares have been trading between $2 and $3 for the past couple of months, which is a sign that the company’s stock has not yet peaked. Some investors believe that the stock can double again. However, it remains to be seen if Zynga will be able to prevail by year’s end.
In March 2012, Zynga’s share price topped $15. It was a great time to invest in the company. But then the company lost a lot of money and its stock took a hit. The company laid off a lot of workers.