Categories
Uncategorized

Zynga CEO cashed out for $200M before stock implosion

Though Zynga’s stock prices have plummeted since the company’s earnings report on Wednesday, CEO Mark Pincus and other insiders managed to reduce their damages from the crash by dumping shares months ago. Pincus along with other Zynga executives and investors sold a portion of their shares in April, bringing in around $516 million at $12 a share, a couple of dollars above the stock’s initial IPO price, according to a report from Daily Ticker. The …