However, shares of Tesla Motors Inc. rose more than 2 percent after the electric carmaker delivered more Model S sedans than previously forecast, nearly a week after unveiling its Powerwall home battery unit.
This latest round will leave Zynga with about 1,600 employees, less than half its peak of 3,400 in 2012, when Zynga acquired OMGPOP Inc. for $180 million. In an interview, Mr. Pincus said Zynga was trying to do too much. He plans to focus on a few ...
What: Shares of Zynga (NASDAQ: ZNGA ) plunged nearly 15% as of 12:20 p.m. Thursday after the free-to-play games specialist surprised investors by announcing Don Mattrick has stepped down as CEO and from the board of directors effective yesterday.
Nearly a month ago, Zynga Inc (NASDAQ:ZNGA) disclosed that it's CEO, Don Mattrick, was shown the exit door. By this, it was more or less clear that the company was way behind in its desire turn it into a bigger company.
Among the stocks gearing up to report earnings are social gaming firm Zynga Inc (NASDAQ:ZNGA), cybersecurity specialist Cyberark Software Ltd (NASDAQ:CYBR), and chipmaker NVIDIA Corporation (NASDAQ:NVDA).
"We rate ZYNGA INC (ZNGA) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover.