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Zynga's Pincus withdraws further from operations [April 24, 2014] SAN FRANCISCO (Reuters) — Zynga Inc <ZNGA.O> co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as chief executive Don Mattrick pushes through a restructuring plan. |
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Pincus, who remains chairman of the board, has
decided to move on from his operational role as chief product
officer, Zynga said in a statement. He has been stepping back
from a company that once dominated gaming on Facebook with
"Farmville" but is now losing users to mobile game developers. On Wednesday, the company reported a 36 percent drop in
March-quarter revenue to $168 million, though that beat
analysts' forecasts for $146.5 million. (Reporting by Malathi Nayak; editing by Steve Orlofsky) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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