Originally Posted by CYstyle
Too many tech companies run by kids with no experience who hire more kids.
Add in lots of VC money, and it's party time. While I think the music will stop inevitably, I think reality would be that as the economy and also the euro zone stabilizes, tech stocks are gonna take off for a while before finally it dies
This is a big +1000. I saw how big some of these companies are and its shocking. ZNGA 3000 employees?? Really?? Groupon with 12,000 employees.
Insane. Also, this made me laugh a little bit.
Zynga Headquarters (San Francisco). New 270,000 square feet (25,000 m2) headquarters at the site of former Sega offices.
Zynga East (Baltimore) – started in May 2009
Zynga India (Bangalore, India)
Zynga Los Angeles – opened February 2010
Zynga China (formerly XPD Media, based in Beijing) – acquired May 2010
Zynga Austin (formerly Challenge Games) – acquired June 2010
Zynga ATX (formerly MarketZero, Inc.) – acquired April 2011
Zynga Boston (formerly Conduit Labs) – acquired August 2010
Zynga Japan (formerly Unoh Games, based in Tokyo) – acquired August 2010
Zynga Germany (formerly Dextrose AG, based in Frankfurt) – acquired September 2010
Zynga Dallas (formerly Bonfire Studios) – acquired October 2010
Zynga With Friends (formerly Newtoy, Inc., based in McKinney, Texas) – acquired November, 2010
Zynga New York (formerly Area/Code) – acquired January 2011
Zynga Seattle, opened October 2010
Floodgate Entertainment – acquired March 2011
Zynga Toronto (formerly Five Mobile) specialized in mobile platforms, acquired July 2011
OMGPOP (Draw Something creators), acquired March 2012
Wild Needle, a casual games company that makes games which appeal to females, acquired May 2012
Zynga Eugene (formerly Buzz Monkey Software), acquired on June 4, 2012
Just this list of all the gaming companies that were gobbled up and the outside of NewToy I can't think of one that's had a ton of other successes.