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The number of page games is exhausted: ZYNGA sells the price of the headquarters building than the valuation of the pric

2025-01-27 12:24:50|Myriagame |source:minecraft skins

Many people have made a lot of money with inferior Facebook games, and Zynga is one of them.Feng Shui is turbulent. This company that has been popular in the past is currently considering selling 670,000 square feet headquarters at the center of San Francisco.

Zynga bought this building at a price of $ 228 million in 2012, which was relatively affordable at the time.The current price of office buildings in the San Francisco area is more than $ 800 per square foot, almost 2.5 times the price of ZYNGA's purchase price at the time -the current selling price will be $ 570 million.In addition, the rent of an ordinary single apartment is $ 2,400 per month, and it will rise by 10.5%by the end of this year.

As for Zynga itself, although it had $ 1.5 billion in cash on hand, the market valuation of three years ago was less than $ 750 million, which is currently falling to 500 million, which is lower than the price of real estate.

Zynga's first public offerings in 20111 were $ 10 per share, currently only $ 2.55.It seems that even the former director of the Xbox department Tang Matric cannot save Zynga.