Social game maker Zynga surprised investors with news that it will give up plans to seek a license to offer gambling in the U.S.. According to one source, the plan may have been a longshot all along.
Zynga tends to hire executives — and then say goodbye to them after about 16 months. That’s about how long it takes for Mark Pincus to fall out of love with new hires.
Zynga shareholders are clearly pleased with the company’s choice of former Xbox boss Don Mattrick to take over as CEO. But Mattrick’s lack of experience in mobile gaming is likely to be a problem as the company continues to struggle to make money on smartphones and tablets.
Zynga has hired Don Mattrick as its new CEO, replacing founder Mark Pincus. The stock has jumped almost 20 percent in two days. Everyone believes that things will get better — that is, everyone except me. Let me explain why I don’t buy the PR spin.
Zynga’s share price soared as CEO Mark Pincus announced he would step aside from the lead role.
After six years at the helm of the Xbox, President Don Mattrick is leaving for a “top role” at social gaming site Zynga.
Microsoft (NSDQ: MSFT) is turning to its existing executive ranks to fill the vacancies left by the departures of entertainment and devices…