Tuesday, April 29, 2014
The Zynga Inc Turnaround Is Real
The market doesn't seem to like it, but the first-quarter earnings results from Zynga (NASDAQ: ZNGA ) provided solid indications that the company's turnaround is for real. After a little over two years of large declines in most metrics, the social game developer is finally showing some signs of live.
The company hired Don Mattrick away from Microsoft to be the CEO nearly 10 months ago. With this release, former CEO Mark Pincus is now stepping away from his position leading the product development group to only focus on the Chairman position. This is another sign that Pincus is letting go of the past and allowing the highly respected Mattrick to run the company.
Read the full article here.
Disclosure: Long ZNGA. Please review the disclaimer page for more details.