Zynga Inc (NASDAQ:ZNGA) sales have been faltering since other social gamers began flocking towards Facebook Inc. Last week, the company reported an 18 percent decline in revenues and 13 percent slide in monthly active users from the same period in 2012. But the Mark Pincus-led company might find a savior in online gambling. The Las Vegas-based casino operator Ultimate Gaming is planning to launch the first fully legal poker website in the United States. It could...
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Mark Pincus, Zynga Inc (NASDAQ:ZNGA)’s CEO was very impressed with the prospects of gaming in India. The CEO was on his first visit to India this Wednesday. The founder told that India has been an impressive investment for the company. People here have tremendous entrepreneurial capabilities, he added. “People here want a really good challenge, and they rise to take that challenge. Our India teams have that attitude, and that’s very important for any...
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Mark Pincus, the chief executive officer for Zynga Inc (NASDAQ:ZNGA), recently requested that his annual salary would be cut to just $1.00 while the company figures out a new compensation plan to keep top employees while cutting overall costs. What’s more is that Pincus won’t garner any bonuses or equity awards in 2o13. Although Zynga Inc (NASDAQ:ZNGA) has yet to reveal last year’s salaries, 2011′s revelations show Pincus earned a salary of $300,000 and a...
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Mark Pincus, CEO of Zynga Inc (NASDAQ:ZNGA) was dropped from the Forbes list of billionaires this year due to a decline in the stock value of the Game Company. The stock of Zynga suffered the greatest due to the IPO of Facebook Inc (NASDAQ:FB), as the game of Zynga Inc (NASDAQ:ZNGA) are largely played on the largest social networking site. Also, many executives left Zynga last year, which affected the company to a great extent....
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Mark Pincus, CEO of Zynga Inc (NASDAQ:ZNGA), said the company will focus on making gambling games social rather than cashing on existing real gambling market with its entry into online gambling in the U.K. “It makes it more exciting than when you’re by yourself in an anonymous poker room,” Pincus said during a Morgan Stanley (NYSE:MS) conference in San Francisco. There is, however, no word about when the company will launch real money gambling,...
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The success or failure of any company/organization depends on its leadership, particularly the chief executive officer (CEO), who is responsible in the over-all management of the company. The character, decision-making, and management strategies of a CEO reveals his capability in achieving the goals of the company. We mentioned many these traits in our article, Best CEOs of 2012. The year 2012 was an undoubtedly challenging one for many CEOs, due to the instability of the...
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Zynga Inc (NASDAQ:ZNGA), according to news released today, will no longer receive special treatment on Facebook. The market responded poorly to the news, the firm’s shares dropped by around 13% before recovering later on in the day. Zynga Inc (NASDAQ:ZNGA) stock now stands at around $2.50, down just 5%. So is the announcement really that bad for Zynga? Our own analysis published earlier, framed the announcement as a move by Facebook Inc (NASDAQ:FB) to...
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Zynga Inc (NASDAQ:ZNGA) stock value has been experiencing a downward trend since its initial public offering (IPO). The gaming company’s shares are trading around $3.09 per share on Tuesday, almost 70 percent down from its $10 per share IPO price. Zynga’s shareholders are weary, following the company’s losses during second quarter. A report from Bloomberg cited that Zynga received the worst valuation in the gaming industry following its third-biggest slump in the Russell 100 index...
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Zynga Inc (NASDAQ:ZNGA) is a company that’s known for creating social games for Facebook and mobile web but perhaps they will become more famous for their CEO who spends far more on security than he should. According to John Letzing from the Wall Street Journal, Zynga spent $1.37 million to protect the chief executive Marc Pincus and his family. This included the purchase and maintenance of a home security system. This wasn’t the only time...
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