Social game maker Zynga is reportedly talking to investors about raising a new $250 million round of funding that values the company at $7 – $9 billion, according to the Wall Street Journal.
Richard Garriott is known as a video-game pioneer, an undersea diver and an astronaut. Now he wants to outdo Zynga, the creator of FarmVille and CItyVille, in social games. His new game company, Portalarium, will debut its first major game in a month.
Who would have thought that a simple city simulation would become the biggest-ever app on Facebook, eclipsing FarmVille? Zynga‘s CityVille game crossed 84.2 million monthly active users over the weekend, beating Zynga’s FarmVille, which peaked at 83.76 million users in March, 2010, according to market analyst AppData.
Is your job about to get a lot more addictive? Maybe — Sizhao Yang, one of the original team members behind insanely popular Facebook game FarmVille, is working on a new startup called BetterWorks that wants to create “rewarding work environments.”
In just 22 days, Zynga‘s CityVille has eclipsed FarmVille as the world’s biggest game.
After just 18 days, Zynga’s CityVille social game has soared to more than 47.9 million monthly active users. At its current growth rate, CityVille could surpass FarmVille, currently the largest social game at 56.3 million monthly users, in a matter of three days or so.
Zynga‘s CityVille has become the fastest-growing game in history. And based on an interview with a key Zynga executive, that isn’t an accident. The company has all but figured out how to turn its game launches into a science, and that helps them spread to increasingly large audiences on Facebook.
Finding a new way to make money, social game firm Zynga is announcing an alliance with Citi where it will make a line of exclusive game items available for Citi cardholders to purchase with their rewards program points.
When a video game like Call of Duty Black Ops debuts, it’s hard to measure its true impact. The latest installment of the modern combat game series has sold more than 5.6 million copies and could very well top 20 million units sold by the end of January or so. With the game selling at $60 each or more, those unit sales generated revenues of $360 million on the first day and could yield $1.2 billion in revenues in the first three months.
Zynga said today that it had its best social game launch ever with the debut of CityVille last week. In its first 24 hours, more than 290,000 people played the city-building simulation game on Facebook.
Zynga said moments ago that it has acquired Texas-based mobile game company Newtoy, the maker of games such as Words with Friends on the iPhone.
In a bid to find new markets for its blockbuster social game, Zynga is announcing a localized version of its FarmVille game in Japan today.
Zynga’s games on social networks already have a lot of international appeal. It seems the social game giant is finally catering to that market with the release of its next game.
Following through on a plan to diversify beyond Facebook, Zynga has launched its first two games on Yahoo’s network of web sites.
Mark Pincus, chief executive of Zynga, wants a “dog activated world.” That means he wants to see Zynga’s dog logo everywhere. If you see the Zynga logo on an iPad app, for instance, you can launch it to see all of your Zynga social games.
LOLapps got knocked for a loop last month when Facebook abruptly shut down all of the company’s apps, which collectively draw more than 100 million monthly active users. So perhaps its no surprise to see today that the company is moving beyond Facebook.
Is social gaming upstart Zynga really worth more than traditional video game giant Electronic Arts?
Here’s our roundup of this week’s tech business news. First, here are the most popular stories VentureBeat published in the last seven days:
Want FarmVille Cash with that?
Zynga‘s acquisition spree continues as the social game company announced today it has acquired Bonfire Studios, a Dallas-based social game startup. The price wasn’t disclosed.
Zynga has become the biggest social gaming company with its Facebook-based games such as FarmVille. Yesterday, 33 million gamers logged into Zynga games. Overall, 215 million log in each month. Those are incredible numbers that game companies could only dream about a few years ago. How does the company do it? What are its secrets?
Social game publisher Zynga has become the fastest-growing startup in the valley in part because it is run by “data junkies” who measure every click in every game. At the same time, Zynga is paying more attention to the long-term efforts of its veteran game designers, who have developed an intuition about what games will be popular.
Each day, Facebook game developer and FarmVille creator Zynga delivers about a petabyte of data — that’s 1 million gigabytes, or more than six Libraries of Congress — for its array of social games, chief technology officer Cadir Lee said at the Oracle OpenWorld 2010 conference in San Francisco today.
DEMO Executive Producer and VentureBeat Editor in Chief Matt Marshall got the technology launchpad conference started this morning with a speech looking at some of the big trends behind the more than 60 companies demonstrating over the next two days.
About 20 percent of the U.S. population has played a game on a social network in the past three months, according to market researcher NPD Group.
Owen Van Natta is back in the game. He’s back in business. And he’s back in the games business.
Zynga’s FarmVille has more than 62 million monthly users on Facebook. And that has made it a magnet for marketing deals. The company announced that it has integrated special crops from organic food company Cascadian Farm into the FarmVille game.
Zynga is the biggest success story to come out of the new wave of social game companies, bu it has been curiously absent from one of the hottest new game platforms — the iPhone. That’s changing today with chief executive Mark Pincus‘ announcement that Zynga is releasing FarmVille for iPhone.
In a prudent move to diversify its Facebook-centric audience, social game maker Zynga this morning announced a distribution deal with Yahoo that will allow game players to play games and update statuses from Yahoo’s homepage, Yahoo Games, Yahoo Messenger, and America’s most popular email service, Yahoo Mail.
When you have a game enjoyed by 75 million people, you have to make changes very carefully. That’s why Zynga has been slowly rolling out a new feature in its FarmVille game, which is the most popular app on Facebook.
Guest Post Peter Yared is founder and CEO of social and mobile app infrastructure company Transpond.
Zynga, the hot social gaming company that may be worth $4.5 billion, has had some big swings in traffic for its games. And it’s enough to make the Zynga folks feel like they’re on a roller coaster.
New details emerged today on Facebook Credits, a long-awaited virtual currency on the social network that will likely have a lot of impact on how much money is made by Facebook’s ecosystem partners.
Mark Pincus, chief executive of Zynga, runs the most successful social game company on Facebook, with more than 252 million monthly active users for games such as FarmVille.