Zynga in deeper chaos as CEO Mark Pincus resigns again
by Nellie Bowles in San Francisco from Technology | The Guardian on (#15P9P)
Last week Zynga was forced to sell its $228m San Francisco headquarters, and after a steady fall in stock its CEO has now stepped down for the second time
Mark 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, 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 fall in the company's stock market value. He returned as CEO in April 2015, but this second stint only lasted less than a year.
Continue reading...