Tech

The 18 Defining Moments Of New York Tech In 2012

[credit provider=”Daniel Goodman / Business Insider” url=”http://www.businessinsider.com.au/author/daniel-goodman”] It’s been a crazy year for the New York tech scene.We saw the Draw Something craze take over the world, startups get acquired for hundreds of millions of dollars, and entire offices get shut down in Hurricane Sandy.
The 18 Defining Moments Of New York Tech In 2012
Tech

Zynga Admits It Overpaid For Draw Something

[credit provider=”Screenshot”] Zynga just preannounced its third-quarter results. They’re awful. There’s one glaring reason why.Zynga has admitted that it spent way too much to buy OMGPOP, the maker of Draw Something, a popular mobile app.
Zynga Admits It Overpaid For Draw Something
Tech

The Star Of Zynga’s Mobile Guy, David Ko, Is On The Rise

[credit provider=”Zynga”] Zynga has shaken up its management after a disastrous quarter, and its chief mobile officer, David Ko, is a chief beneficiary.Bloomberg reports that Ko and another executive, Steve Chiang, are now reporting directly to CEO Mark Pincus instead of to COO John Schappert.
The Star Of Zynga’s Mobile Guy, David Ko, Is On The Rise
Tech

Enrique Iglesias and Jennifer Lopez Help Zynga Launch Draw Something In 12 New Languages

[credit provider=”Shuttershock” url=”http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=jennifer+lopez&search_group=&orient=&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&commercial_ok=&colour=&show_color_wheel=1#id=63674929&src=6398ce7a9889734ff04b3dc5e28af88e-1-13″] How would you draw “bonjour”?Zynga has launched Draw Something in 12 new languages including French, Italian, Spanish, German, Chinese and Japanese.
Enrique Iglesias and Jennifer Lopez Help Zynga Launch Draw Something In 12 New Languages
Tech

Zynga Is A Flawed Company In Desperate Need Of A Breakout Hit

[credit provider=”Data from AppData”] Zynga’s decision to pay $210 million for Draw Something, and the game’s subsequent rise and fall, appear to expose a fundamental flaw in the social gaming company that should frighten investors, and be setting off alarm bells in the company’s headquarters.As you can see in the […]
Zynga Is A Flawed Company In Desperate Need Of A Breakout Hit
Tech

These 11 Little-Known Startups Have iPhone Apps That Are Making Gobs Of Cash

[credit provider=”Daniel Goodman / Business Insider” url=”http://www.businessinsider.com.au/author/daniel-goodman”] Last week, Funzio became a $350 million company when it raised $50 million from investors.Many of us in the office had never heard of Funzio. But we looked in the App Store and realised two of its games were in the list of […]
These 11 Little-Known Startups Have iPhone Apps That Are Making Gobs Of Cash
Tech

Zynga: We Will Be Making More $200 Million + Startup Acquisitions

[credit provider=”Daniel Goodman / Business Insider” url=”http://www.businessinsider.com.au/author/daniel-goodman”] Last month Zynga acquired Draw Something app maker OMGPOP for ~$210 million. Even though Draw Something’s daily active users has plummeted since the acquisition, Zynga CEO Mark Pincus doesn’t seem to have any regrets.
Zynga: We Will Be Making More $200 Million + Startup Acquisitions
Tech

Instagram’s First Investor Explains What He Looks For In Companies

[credit provider=”Steve Anderson”] Steve Anderson of Baseline Ventures has had an amazing run lately.He was the first seed investor in Instagram, which sold to Facebook yesterday for about $1 billion. He was also a seed investor in OMGPOP, which sold to Zynga for close to $200 million last month, and […]
Instagram’s First Investor Explains What He Looks For In Companies