Zynga is a very troubled company. Not only did they release a financial report that cratered their stock, it also turns out that many of their corporate royalty unloaded millions in stock right before the report went public. What an amazing coincidence, right? That’s what several law firms think, and now Zynga executives are being targeted for insider trading lawsuits. This probably won’t help their stock recover. VentureBeat has the story.
Such are the perils faced by companies that come into their money by being in the right place at the right time. Too much money, not enough creativity, and no sympathy from anyone else. Try to imagine, for a moment, a world where Zynga didn’t only remake their Pavlovian treadmill farm simulator again and again.
Nope, I can’t do it, either.