News last week that Zynga founder Mark Pincus had replaced Don Mattrick as CEO, less than two years after vacating the position, sent the company’s shares tumbling. The sharp reaction was a clear indicator of investors’ concern over the management change. Pincus’ return to the helm sparked concern from investors worried about the company’s lackluster earnings. He was known for having a fixation on browser gaming — at least, in the past, when FarmVille and related Ville games were all the rage on Facebook.
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Investors Squirm as Zynga Founder Takes Back Reins
Posted by: Quinten Plummer April 13, 2015 10:54 AMNews last week that Zynga founder Mark Pincus had replaced Don Mattrick as CEO, less than two years after vacating the position, sent the company’s shares tumbling. The sharp reaction was a clear indicator of investors’ concern over the management change. Pincus’ return to the helm sparked concern from investors worried about the company’s lackluster earnings. He was known for having a fixation on browser gaming — at least, in the past, when FarmVille and related Ville games were all the rage on Facebook.