LOOKING UP: Pincus blamed delays and poor execution in the company’s game development pipeline for the slump while vowing to turn around the company he founded in 2006 by churning out new hits for mobile devices. — Reuters
SAN FRANCISCO: Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street’s rock-bottom expectations, driving its shares 13% higher.
As pressure fell on the embattled FarmVille creator to show on Wednesday that it has stabilised its spiraling business, the company assuaged investors with a series of minor announcements — from a new deal with British firm bwin.party to offer online real-money gambling in Britain to a US$200mil (RM600mil) share buyback plan that would lift its dismal share price.
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