Top
40°

Zynga executives and key investors are being sued for insider trading

GameDynamo - "Back in April (which was in the same fiscal quarter as the crash), Zynga conducted a "secondary stock offering", in which various key investors and Zynga executives (including CEO Marc Pincus) sold a grand total of 43 million shares of stock (with each share priced at $12), pulling in about $516 million between them all. None of the money made in the offering went to Zynga."

Read Full Story >>
gamedynamo.com
The story is too old to be commented.
Jadedz1907d ago

It's just an avalanche effect of misfortune commencing for the Zynga company.

Didn't Michael Pachter praise this company in the beginning, and said that they (Zynga) would bring death to tyrants (Microsoft, Nintendo, Sony)?