Zynga Inc., the online video-game company, said it’s recruiting new candidates to its board after Reid Hoffman and Jeffrey Katzenberg stepped down, putting the number of independent directors below the Nasdaq minimum.
Twitter Inc.’s Ali Rowghani resigned as chief operating officer after a power struggle over responsibilities, said people familiar with the matter, in the biggest executive exit since the microblogging company went public last year.
Alibaba Group Holding Ltd., which is preparing for a U.S. initial public offering, is a great business with impressive metrics, said Masayoshi Son, whose company SoftBank Corp. owns 34 percent of the Web marketplace.
With Alibaba Group Holding Ltd. filing to go public, the biggest winner won’t be founder Jack Ma or his fellow executives or even venture capital backers like Silver Lake Management LLC. It’ll be Japan’s Masayoshi Son.