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Wednesday, August 8, 2012

Zynga COO Resigns

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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