On Mar 2, 201, Zynga hit its 52-week high of $15.91. Today, it opened at $2.89. After an amazing IPO, Zynga was in a great position to reap the benefits of a Facebook IPO, which didn't play out. Zynga has been in a downward spiral - complaints from employees and rejections from newly acquired talent. Pincus knows that he needs to weather this storm and he won't be able to do that without development talent, so he is taking this proactive steps to avoid a brain-drain.
also see,
http://mediamixmaster.blogspot.com/2012/06/social-media-bubble.html
http://mediamixmaster.blogspot.com/2011/07/zynga-files-for-ipo-of-up-to-1-billion.html
http://mediamixmaster.blogspot.com/2011/11/zynga-quick-rise-may-bring-about-its.html
http://mediamixmaster.blogspot.com/2012/04/zynga-stock-continues-to-slide.html
No comments:
Post a Comment