Spotlight on: Mark Pincus, Founder, Zynga
Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.
Friday 16 March 2012
The creator of FarmVille?
Mr Pincus's company makes a host of popular games played on Facebook, from FarmVille and CityVille to Words with Friends, so blame him for global procrastination levels hitting a new high.
I kind of want to thank him.
No need. He has got plenty rich. You can't calculate the money lost in business productivity to his creations, but you can calculate the value of his recently floated Zynga shares, and it's about $1.4bn (£900m).
But didn't the flotation go badly?
They fell below the offer price on day one in December, but since then we have learnt just how much money users are spending on digital farm animals and how important Zynga is to Facebook. About 12 per cent of the social network's whole revenue, since you ask.
So he created Zynga in his bedroom, or something?
Actually, no. He is a 46-year-old economics and business graduate and serial founder of companies, so a little out of the mould of recent internet rock stars. Zynga, founded in 2007, was named after his pet bulldog.
What's the latest news?
A footnote to a new share sale prospectus just revealed that Zynga spent $1.2m on security for Mr Pincus and his family last year. That sounds a surprising amount for a start-up founder, until you remember he had to take out a restraining order against a Russian-born blogger and former stripper.
Terrifying, actually. Vera Svechina is alleged to have threatened his wife and children and even visited his home in person twice in a week. According to Mr Pincus's legal submission, her blog made a series of unhinged claims, including that Zynga was her family's idea and that Google's co-founders killed her father.
He got the restraining order, then?
Yes, and that shiny new security protection system. Stalkers aren't just the preserve of pop stars and actors these days; the rock stars of Silicon Valley have them too.
- 1 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 2 The secret report that helps Israel hide facts
- 3 Is Ebola coming to Britain? UK health officials issue warning to doctors as outbreak fears grow
- 4 Richard Dawkins says 'date rape is bad, stranger rape is worse' on Twitter
- 5 Danish TV reporter is all business up top, all party down below
The secret report that helps Israel hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
- < Previous
- Next >
iJobs Money & Business
£350 - £400 per annum + competitive: Orgtel: Project Manager (specializing in ...
£25000 per annum + OTE £40,000: SThree: Orgtel are seeking Graduate Trainee Re...
£45000 per annum + Benefits: Ashdown Group: ** HR Business Partner - Senior H...
£28000 - £32000 per annum + Benefits: Ashdown Group: PA / Team Secretary - Mat...