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Thursday, September 13, 2012
EA pokes fun at the Zynga exodus
The flood gates have opened, and the market has taken notice to the crashing of the stock price as well as the recent exodus of many C-level execs. Since the execs got paid a huge amount through the IPO, I wouldn't be surprised if that is why they as well as other employees have started leaving. Many people may realize that Zynga's business model is not sustainable and that they are starting to see a slow decline. It could also be that people don't believe in the business strategy or the direction of the executives. Who knows. All i know is that the stock debuted at $14 and is not under $3. And of course EA would say this, it benefits them if Zynga suffers.
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