Seeking Alpha

More Zynga departures as Mattrick continues shakeup

  • Zynga (ZNGA) mobile SVP Travis Boatman (recently in charge of the Words with Friends team), ex-Zynga Studios chief Steve Chiang, and ex-acquisitions chief Terence Fung have joined the list of execs to leave since Don Mattrick took over as CEO last summer.
  • Mattrick launched a major restructuring last August that included removing the COO position. More recently, his company has made a CFO change, named a new Studios chief, and announced lightning-rod founder Mark Pincus is stepping down from an operational role (albeit while remaining chairman).
Comments (5)
  • haleiwahu
    , contributor
    Comments (3444) | Send Message
     
    You'd think with all the changes in upper management that their stock value would maintain a more positive outlook. They're right back to where they were a year ago and still dropping with no improvement on the horizon.
    3 Jun, 07:26 PM Reply Like
  • pnarancic
    , contributor
    Comments (5) | Send Message
     
    Gotta have faith in Mattrick. He knows what he is doing. Just look at what he did at Microsoft with the X-BOX...

     

    I predict big things ahead!
    3 Jun, 10:10 PM Reply Like
  • SKVAM
    , contributor
    Comments (37) | Send Message
     
    At minimum a $7 per share stock in a year, with the upside being to 15. What can it do once it gains gambling online business, $30 plus a share? Possible.
    3 Jun, 10:41 PM Reply Like
  • haleiwahu
    , contributor
    Comments (3444) | Send Message
     
    Positive thinking is most always a good thing. So I'm positive that we have not seen the ZYNGA bottom yet!
    8 Jun, 08:49 AM Reply Like
  • sill0730
    , contributor
    Comments (3) | Send Message
     
    I can read a chart as well as anybody and the Zynga chart is showing support, positive but no buy trigger. I found out when Ben took the reign, charts mean nothing. Ben & the market mavericks have a lock on this market. The market as I know it is gone forever. Say please!
    14 Jun, 11:59 AM Reply Like
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