Zynga Incorporation (NASDAQ:ZNGA): Don Mattrick replaces Mark Pincus, CE

Denver, CO, 08/02/2013 (Avauncer.com) – Zynga Incorporation (NASDAQ:ZNGA) has reported the adjusted earnings for each share as the loss of $0.01 with a revenue of $231 million. These earnings have found to have beaten the analysts’ expectations which were the net loss of $0.04 for each share over the revenue of about $185 million which were calculated based upon the earnings report from the recent times which showed a net loss of around $16 million. There was also a hit which could be observed in the user base which is showing a drop in the number of monthly active users down to 187 million which is decreasing by 39% on a yearly basis.

However, it is noted that Mark Pincus, CEO is being replaced by Don Mattrick, who is the Xbox guru of Microsoft Corporation. This massive credibility could help Zynga Inc to pull out itself from the downfall faced during the recent times. Despite this replacement news, there are some suggestions arising that it is not advisable for the investors to buy the crashing stock of Zynga Inc unless and until it comes with a distinct and valuable insight for the future of the company.

It was disclosed during this week that the Zynga Inc has filed a lawsuit against the developers of the ‘Bang with Friends’, which is one of the casual sex applications. This is not the first and only company which was being targeted by Zynga Inc during the attempts to protect the company’s mark of ‘with friends’. Earlier during this year, Zynga Inc has sent a letter to the website operators of Cupid with friends. Previously, there were some other threats being sent by Zynga Inc against few other companies which were making use of the phrase of ‘with friends’ in their brand names. These incidences of threats to various companies have been sent from Zynga Inc though it seems like the company has let that drop when they agreed upon not to enter into gaming.