With a stock price of $2.94 versus an IPO price at $10.00 and seeing without accounting tricks a loss for the past 3 quarters I don’t understand why any of Zynga’s employees would stay. This is in addition to the fact that they screwed their employees out of non-vested stock options prior to their IPO. I wouldn’t trust this management team with my future if I were an employee. The whole vested stock option incident prompted me to never play another Zynga game again. The potential of a payday when a start-up IPO’s is one of the fundamental benefits of investing your talent in a start-up. Zynga betrayed that concept and as someone with friends that have made these types of sacrifices I find it difficult to root for this company worst yet be a customer of theirs.
Zynga uses stock options to keep employees put, report says | Internet & Media – CNET News.
