Shares of online games purveyor Zynga (ZNGA) are down 5 cents, or 1.6%, at $2.90 after the company this evening said in a Securities & Exchange Commission filing that its chief operating officer, John Schappert, resigned, effective immediately. The company said “Mr. Schappert’s resignation from the Board was not tendered in connection with any disagreement.
Zynga chief operating officer John Schappert speaks at a Zynga event in San Francisco
Zynga shares (ZNGA) fell 2.1 percent to $2.95 at the close in New York. The stock has dropped 71 percent since the company’s initial public offering on Dec. 15, when it sold shares at $10 each.
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