Latest Mark Pincus Stories
Reports circulated late Wednesday that Zynga founder Mark Pincus would step down from an operational role at the social game publisher as his successor, CEO Don Mattrick, called for a need for change at the company.
Zynga’s announcement that it would be abandoning plans to enter the online gambling business in the US had investors cashing in their chips, as shares of the Farmville developer fell 14 percent in Nasdaq trading on Friday.
Zynga founder Mark Pincus announced on Monday he is stepping down as the company's chief executive, and would turn over the reins to Don Mattrick, who currently runs Microsoft's Xbox division.
Online social game maker Zynga Inc. announced on Monday that it is slashing 520 jobs, or about 18 percent of its workforce, and closing certain office locations as the beleaguered company seeks to cut costs.
Move Comes On The Heels Of Up-And-Down First Quarter Results And New Mobile Transition Montreal, Quebec (PRWEB) May 02, 2013
Social game publisher Zynga is implementing its cost-reduction plan, announced back in late October, and in the process shutting down 11 of its underperforming games.
Zynga is laying off five percent of its workforce, shutting down its studios in Boston and Austin, sunsetting 13 older games and “significantly” reducing investments in The Ville in order to reduce costs.
It seems 'Villes are not immune to the woes of the world economy. Zynga, the creator of online social games such as FarmVille and CityVille, reported a $108 million loss in net income for the first half of 2012.
Zynga CEO Mark Pincus said his company is still not ready to heavily invest in mobile games, saying they’ve proven web-based games—like their popular FarmVille—can be successful even if they’re bound to a desktop experience.
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