The Register® — Biting the hand that feeds IT

Feeds

Zynga COO quits: Game over for John Schappert

Bigwig legs it as Mafia Wars biz dwindles

Regcast training : Hyper-V 3.0, VM high availability and disaster recovery

Zynga chief operating officer John Schappert has left the company as it struggles to recover from its poor financial performance and plummeting stock.

The online gaming biz said in a filing to the Securities and Exchange Commission that Schappert was off, but the firm was keen to point out that his exit had nothing to do with any disagreement over its operations, policies or practices.

"Mr Schappert leaves as a friend of the company and it wishes him all the best," the filing declared.

The resignation isn't exactly a surprise: he was stripped of some of his responsibilities last week in a shake up to address the FarmVille-maker's underperformance. Bloomberg reported, and Zynga later confirmed, that Schappert was no longer overseeing game development and the heads of mobile and games were now reporting directly to chief exec and founder Mark Pincus.

Schappert was also named in a lawsuit launched by Electronic Arts, his former firm. EA claims that Zynga's The Ville copied The Sims Social, and it was helped by confidential information about the development of the game by hiring Schappert and two other ex-EA execs.

Last month, Zynga shares slipped nearly 40 per cent the day after it reported continuing bad results, including net losses of $23m. Stocks dropped again after the announcement of Schappert's departure, losing 2 per cent. ®

Requirements Checklist for Choosing a Cloud Backup and Recovery Service Provider

Smell that?

Smells like comeuppance is coming...

4
0

Re: Tingalinnnnnggg

I doubt Facebook would buy them. They have no way of making a profit. There's no point. Better just keep milking them until they go under.

3
0

Re: Zynga board games lol

And Oligopoly... or is that hitting a bit close?

Maybe the answer will show up in a round of Casual Chase.

2
0

More from The Register

Microsoft to open Windows Stores inside 600 Best Buy locations
Product showcases 'must be seen to be believed'
Author Iain (M) Banks falls to cancer at 59
Misses the release of his final work
 breaking news
What did the Lehman Brothers implosion look like to a techie?
Insider tells all about the Gnab Gib at Lehmans
It's official: 'tweet' an English word – not just in the avian sense
If the Oxford English Dictionary says it is so, then it is so
 breaking news
The only Waze is Google: Ad giant tipped to gobble map app 'for $1.3bn'
Pac-Man-satnav-ish upstart in bidding war with Apple, Facebook
 breaking news
1-in-10 e-tomes 'are self-published'... most are 'rubbish' says book ed
Publishing man scoffs at go-it-alone writers, ursines still fouling in forests
 breaking news
Facebook RSS reader said to uncloak June 20
Secret event scooped by Scottish developer?