Mark Pincus News
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Jana Partners LLC, the hedge-fund manager run by Barry Rosenstein, took stakes in Zynga Inc. and Groupon Inc. last quarter while exiting companies including insurer American International Group Inc. and McGraw Hill Financial Inc.
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Mike Verdu is joining the growing ranks of Zynga Inc. alumni who are founding startups poised to compete with the social-gaming leader.
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Zynga Inc., the biggest maker of online social games, forecast second-quarter sales that may fall short of some analysts’ estimates as revenue from mobile titles fails to make up for a drop in users playing its games on Facebook Inc.’s website.
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When Zynga Inc. reached an impasse while negotiating a five-year partnership with Facebook Inc. in August 2010, Chief Executive Officer Mark Pincus demanded a one- on-one meeting with Mark Zuckerberg.
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Zynga Inc. Chief Executive Officer Mark Pincus lowered his salary to $1 and opted not to receive a cash bonus or equity award in 2013 as the largest social-game maker seeks to trim costs.
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John Doerr, the lead partner at venture capital powerhouse Kleiner Perkins Caufield & Byers, is joining Zynga Inc.’s board of directors, bolstering governance at the game maker as it seeks to revive growth.
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Nick D’Aloisio became a millionaire at 17 after selling Yahoo! Inc. on a mobile-phone application he devised two years ago at his home in London.
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Zynga Inc., the largest maker of online social games, was sued by a shareholder after executives were allowed to sell stock early for more than $200 million, while sales by lower level employees and outsiders were blocked.
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Zynga Inc., the biggest maker of online social games, reported fourth-quarter profit and sales that surpassed analysts’ estimates as it cut costs faster than demand fell for virtual goods.
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As Zynga Inc. shares began trading in New York yesterday, hundreds of the company’s employees gathered to mark the occasion in the atrium of their San Francisco headquarters.
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