Zynga CEO resigns – again – after terrible results
Found on The Register on Wednesday, 02 March 2016
Both Pincus and Gibeau in a separate email put the blame for Zynga's failure to continue its early successes with games such as Farmville on a reduction in the social aspect of mobile games.
In the fourth quarter, Zynga saw a 24 per cent decline in its users, and revenue also fell from $193m the previous year to $186m.
Shares have fallen 20 per cent since Pincus was brought back in April 2015, but that's nothing compared to the nearly 80 per cent fall in the company's share price since it went public in 2011.
The main question is why any investor would put money in this bubble at all. After seeing a single of their games, it should be obvious that it's not made to last.