final week Zynga was forced to sell its $228m San Francisco headquarters,and after a regular topple in stock its CEO has now stepped down for the second timeMark Pincus has stepped down as CEO of his struggling online gaming company Zynga for the second time. Replacing him is gaming veteran and current Zynga board member Frank Gibeau, the company announced on its blog.
Pincus, and an affable Silicon Valley character whose wealth is estimated at about $1bn,founded the company seven years ago and first resigned in April 2014 after a dramatic topple in the company’s stock market value. He returned as CEO in April 2015, but this second stint only lasted less than a year. Related: Zynga founder Mark Pincus back in charge as CEO Don Mattrick steps down Continue reading...
Source: theguardian.com