Zynga, Inc. (NASDAQ: ZNGA) needs all the help it can get, but perhaps not today. It appears that Electronic Arts Inc. (NASDAQ: EA) is going after Zynga on copyright infringement and the case involves social gaming on Facebook, Inc. (NASDAQ: FB). In short, EA has filed a lawsuit (on behalf of its Maxis Label) against Zynga for infringing EA’s copyrights to its Facebook game, The Sims Social.
EA claims that in Zynga’s recently-released Facebook game The Ville, Zynga has willfully and intentionally “copied and misappropriated the original and distinctive expressive elements of The Sims Social in a violation of U.S. copyright laws.”
EA also claims that since The Sims Social launched in August 2011, its game rapidly gained tens of millions of users, and maintains a current user base of several million active players on Facebook.
Zynga shares are currently up 2.6% at $2.77 on the day so far but shares hit a 52-week low today and the new 52-week trading range (less than 52-weeks actually) is $2.68 to $15.91.
JON C. OGG
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
