Zynga CEO Don Mattrick planned to start his first 90 days assessing and reviewing the entire business.
Breaking News
Zynga's stock valuation lost US$400 million.
Zynga planned to abandon real-money gaming, which upset investors.
Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
Zynga IPO caused investment supply and demand mismatch as many investors turned their backs on the games market.
Zynga's newly hired CEO, Don Mattrick was lured in the company with a US$50 million compensation package.
Zynga names Don Mattrick as the new CEO
Venture capital firms find themselves fending off increasingly uneasy investors who are urging them to cash out.
Today Facebook’s price declined further, closed at $25.87 per share, down 3.83%.
Today Facebook’s price declined further, closed at $25.87 per share, down 3.83%.
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