“A colossal waste of money on a company and people that were not a fit, and possibly because the acquisition games just didn't perform.' “What can be said?” Brian Blau, an analyst with Gartner Research, told Ars. In a filing with the Securities and Exchange Commission on Monday, Zynga revised its second-quarter 2013 earnings estimates to be a net loss “in the range of $39 million to $28.5 million.” The company added, “While our Farmville Franchise continues to perform well, other games are underperforming.” AdvertisementĪ gaming consultant calculated that Zynga lost nearly $528,000 per day on OMGPOP-dividing its $200 million purchase price by the 379 days that Zynga owned it. 'Thanks for again reminding me how not to operate a business.'

'I learned via Facebook I was laid off today and office is closed,' Ali Nicolas tweeted. On Monday afternoon, OMGPOP tweeted, “While this is the last day at for many staff, we want to thank you for all love and awesomeness over the years!”Īt least one OMGPOP vice president said she was alerted to the firing via Facebook late Monday. (In other words, Zynga drastically overpaid for the smaller gaming company.) Late in 2012, Zynga took a write-down of $85 million to $95 million on the value of OMGPOP-nearly half of what Zynga paid for it earlier. Zynga acquired OMGPOP just over a year ago for a cool $200 million. As part of Zynga mass layoffs totalling 18 percent of its workforce, the struggling San Francisco startup appears to have shut down OMGPOP, the New York company that originally created the smash hit Draw Something.

Omgpop writedown