When it comes to analyzing Zynga's full-bodied earnings announcement from Thursday, it may be easiest to take a bird's eye view
The San Francisco, Calif.-based gaming company announced extensive layoffs, a half-billion dollar acquisition and better-than-expected earnings — a feat that Zynga COO Clive Downie described as the company "turning a corner."
"I think it is Zynga turning a corner," he said. "It proved that we have a vision for the company going forward that's backed by strategy from a content standpoint, it's backed by strategy for driving efficiency, and it's backed by strategy in terms of how we look to accelerate it with the acquisition." Read more...
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