Zynga shares shot higher in early trade Wednesday after the struggling social gaming company named industry veteran Frank Gibeau as its chief executive in its latest effort to reboot.
Zynga said Wednesday it was cutting staff by 18 percent amid ongoing losses, as the social games pioneer seeks to reboot its strategy.
The return of Zynga founder Mark Pincus as the digital game maker's CEO is bringing back bad memories about the problems that prompted him to step down as the company's leader nearly two years ago.
Zynga, the struggling social gaming group, announced Wednesday that co-founder Mark Pincus would return as top executive, less than two years after being replaced.
Zynga on Thursday announced it is closing its China studio as the social games pioneer reported earnings that disappointed investors.
Pioneering social games maker Zynga on Thursday launched a new version of "Words With Friends" as the company strives to regain its footing in the mobile device age.
Zynga said Thursday it wants to perform better, as the social games firm reported losses widened and revenues sank in the past quarter, sending its share price tumbling.
Online game maker Zynga says company founder Mark Pincus is stepping down as chief product officer, less than a year after he was replaced as the company's CEO.
Zynga announced Thursday it was buying mobile game and animation firm NaturalMotion for $527 million in a fresh reboot effort for the struggling social games pioneer.
Zynga says it is laying off 314 employees, about 15 percent of its workforce, as the game maker's fourth-quarter sales plummet.