Zynga Inc Reappoints Ex-CEO, But Struggles May Not End

April 10, 2015 6:18 PM

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Zynga Inc (NASDAQ:ZNGA)’s plan to reinstate its former CEO Mark Pincus has led Pacific Crest to maintain its Sector Perform rating on the company. The research firm believes that Zynga is overvalued, and its initial valuation was faulty because it was based on incorrect comparisons.

Pincus, who is set to replace current CEO Don Mattrick, will be working as the chief exec for a yearly salary of $1, according to Reuters. The management of Zynga has claimed that the company’s focus will be on investments for the first two quarters of 2015, along with introducing 6-10 games in the ...

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