Back in the days when everyone used to be on Facebook and everyone was playing games like 8Ball Pool and Farmville! This was the time when Zynga, the social game developer was at the top of their game. Farmville was their biggest attraction on Facebook but in 2007 with the release of Zynga Poker, everyone got instantly hooked to poker!
Poker during the 2000’s was rapidly gaining popularity and in no time, Zynga Poker became one of the top trending games on Facebook! According to one article, around 38 million players had registered to the game and it was reported to be the largest poker site in the world. It had dominated the social game market by grabbing over 61% of total revenue.
Zynga Poker stayed at the top of the pyramid for 7 years up until a major software update in 2014 that spoiled everything for them. The users did not like the update and they started losing a big chunk of their player base because of this. Zynga Poker had a 44% reduction in their audience and the developers were forced to revert all the changes but to no avail. Even though they were able to make a small profit in 2019, Zynga Poker hasn’t been able to get back to their best again.
CEO of Zynga Inc Frank D Gibeau sold 500,000 shares of ZNGA on 01/03/2021 at an average price of $11.46 a share. The total sale was $5.7 million.
Also Check: 4 Reasons Why Online Cash Games Are So Much Fun