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Zynga COO Resigns

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  • Description

    FBN's Lauren Simonetti on Zynga's chief operating officer John Schappert's resignation.

  • Duration 1:24
  • Date

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Okay from that -- now well we'll talk technology out of that real quick before -- about geological and Zynga shares continue to slide more bad news as of last night they have a top executive resigning effective immediate.

-- Lawrence -- and -- is joining us with more hands on hey guys good morning Zain is CEO John staffer resigned after just a year and a half on the jobs being opposed stem from electronic arts for some forty million dollars.

Last week -- said staffer would no longer oversee its game development something -- really built his career on.

Those successive -- carry over to using -- lots and its popular games are fading.

A mafia wars brought in around fifteen million dollars in revenue in the first quarter it fell to about ten million in the second quarter Citi -- similar drop.

Still -- strong however is farm bill and Zynga poker growing substantially so that's good news but then there's draw something that's been a huge disappointment.

-- bought the company who makes -- gain for 200 million dollars earlier this year.

Critics say is being overpaid shareholders may have overpaid to in the most recent quarters -- reported a loss of 23 million dollars.

Since I've killing at the end of last year using their shares down some 70%.

And since FaceBook IPO -- may.

-- -- shares are down nearly 60%.

Those charts are low.

Love really that is not a creature unlike Ramon on why he's so cute right exactly -- on some ordinary love.

-- -- -- -- The shining star.

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