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Zynga's (ZNGA +1.2%) defections continue. The latest involves CityVille general manager Alan...

Zynga's (ZNGA +1.2%) defections continue. The latest involves CityVille general manager Alan Patmore, who has left for "hardcore" gaming startup Kixeye. Zynga recently issued equity grants in the hopes of keeping dispirited employees from leaving. Bloomberg noted yesterday management refuses to consider a sale, a stance that leads some to think an activist push is possible, given Zynga now trades near cash levels. (COO resignation)
Comments (4)
  • bearfund
    , contributor
    Comments (1534) | Send Message
     
    Equity grants at ZNGA are worthless; if the stock goes up, the company cancels them, and if the stock goes down you stuck around for nothing. Add in horrifying morale and awful working conditions and you've got a company that has no hope of attracting or retaining top talent (or any talent, really). Realistically though that's not a problem, because they're not even seeking to innovate or expand the envelope in any way. The business model is to club its competitors with its brand, copying their games and capturing revenue from addicts before those competing games take off or the fad comes to an end. You don't need talent for that; cheap warm bodies in China are fine, and apparently they actually like being told they have to come in on Sunday, too.
    23 Aug 2012, 11:37 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Bloomberg pump piece. How much cash is this company shedding day after day? "Trades near cash levels" is quite the mirage without such visibility. Once again, "investors" are taken for a ride by speculative IPOs that should have remained private: the insiders always get the massive upside without any regard for shareholders. CE
    23 Aug 2012, 11:44 AM Reply Like
  • INVESTGROUP
    , contributor
    Comments (29) | Send Message
     
    we are placing the pieces to the puzzle to sell.
    23 Aug 2012, 12:50 PM Reply Like
  • THE QUILL
    , contributor
    Comments (95) | Send Message
     
    If you did not pull the trigger on this stock ,the writing is on the wall,pull it before its to late.

     

    THE QUILL
    23 Aug 2012, 10:58 PM Reply Like
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