Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Davos 2012
Technology
Media
Small Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
James Saft
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Geraldine Fabrikant
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Money
Money Home
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Obama plans to cut tens of thousands of ground troops
04 Jan 2012
Analysis: Iran could close Hormuz -- but not for long
|
3:48pm EST
New Pentagon strategy stresses Asia, cyber, drones
|
4:02pm EST
Suspect in Utah shooting was Iraq vet: neighbor
2:38pm EST
"Rage against Americans" cited in L.A. arson case
|
8:35am EST
Discussed
136
Obama to help unveil ”realistic” military plan
130
Iran threatens action if U.S. carrier returns: IRNA
82
With 48 hours left, Romney eyes Iowa breakthrough
Watched
iPhone look-alike flies off shelves in China
Wed, Jan 4 2012
Iran fires radar-beating missile during Gulf drill
Sun, Jan 1 2012
iPhone look-alike flies off shelves in China
Tue, Jan 3 2012
Zynga releases first mobile game since IPO
Tweet
Share this
Email
Print
Related News
Yahoo names PayPal's Thompson as CEO
Wed, Jan 4 2012
Wooga's Diamond Dash game rides social mobile wave
Tue, Jan 3 2012
Analysis: EA bets big on Jedis and Wookies
Wed, Dec 21 2011
Deutsche Telekom could be forced into arms of Sprint
Tue, Dec 20 2011
Saudi Prince Alwaleed buys Twitter stake
Mon, Dec 19 2011
Analysis & Opinion
Sports review 2011 – A memorable year for the wrong reasons
Five 2011 tech earthquakes
Related Topics
Tech »
Media »
iPad »
Facebook »
The corporate logo for Zynga is seen on a screen outside the Nasdaq Market Site in New York, December 16, 2011.
Credit: Reuters/Brendan McDermid
By Liana B. Baker
Thu Jan 5, 2012 3:36pm EST
(Reuters) - Online game developer Zynga Inc is releasing a new mobile word game called "Scramble with Friends" on Thursday to expand its user base beyond Facebook and catch up with rivals in the handheld market.
Zynga shares have fallen below their initial public offering price since the company began trading on the Nasdaq stock exchange on December 16. On Thursday, the shares were trading at $9.04, about 10 percent below the IPO price.
While Zynga was one of the earliest game makers on the Facebook platform, it lacks that first mover advantage on mobile, where companies such as Walt Disney Co and Electronic Arts Inc have released successful games.
To try to replicate its popularity on Facebook, Zynga is trying to create a network of mobile games under one brand where users can play the same friends across all titles.
In the new game released on Thursday, players race against the clock to unscramble words. "Scramble with Friends" is made for players who already play "Words with Friends" and "Hanging with Friends," two other Zynga word games.
"The most difficult thing on mobile is creating a network effect because mobile doesn't have the inherent built-in social network that a platform like Facebook does," said Paul Bettner, vice president and general manager of Zynga With Friends, the Texas-based studio formerly known as Newtoy, which Zynga acquired in 2010.
"A network of existing players -- that's what we're trying to build with the brand. If players are enjoying 'Words with Friends,' they already have a network of friends they've built up," he said.
Given Zynga's dependence on Facebook -- 95 percent of revenue comes from the social network -- investors are closely watching its mobile strategy. Zynga said on its IPO roadshow in December that it had 13 million daily players on mobile, up from 11.1 million in October.
According to Sterne Agee analyst Arvind Bhatia, Zynga finished December with roughly 47 million daily average users on Facebook, 5 percent less than a year earlier. Bhatia, citing AppData figures, said it was the first time Zynga finished the month of December with fewer daily players than it began the month with.
Zynga CEO Mark Pincus told Reuters in an interview on December 16 that the company's mobile user base is growing quickly and catching up to its Facebook users.
"It's important to note that's 13 million daily active users (on mobile) compared to some north of 40 million daily active users on Facebook -- it's already more than 20 percent of the traffic," Pincus said.
Zynga has not revealed how many paying players it has on mobile platforms. The company has a free version of "Scramble with Friends," where it makes money on advertising, as well as a premium version for $2.99 that does not have ads. Players can also buy virtual tokens in the game.
The game will come first for Apple Inc's iPhone and iPod touch; an iPad and Android version will be out at a later date.
(Reporting By Liana B. Baker; editing by John Wallace)
Tech
Media
iPad
Facebook
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.