Zynga CEO takes blame for poor quarter
Zynga CEO Mark Pincus
(Credit: Rafe Needleman/CNET )
Give Mark Pincus credit not trying to weasel out when it came to explaining why Zynga posted a lousy third quarter. Instead of blaming an uncertain economy, wandering consumer tastes, or a weird alignment between Jupiter and Mars, the CEO’s message to Wall Street was clear: Blame us.
Of course, he was preaching to the converted. Investors have been blaming Zynga for most of the year, driving down the stock to an all-time low today before the company reported a $52.7 million loss during its September quarter.
But as he discussed the…
The rest is here: Zynga CEO takes blame for poor quarter
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