Zynga CFO leaves amid major executive shakeup
NEW YORK (CNNMoney) -- It's been a rough few weeks for Zynga, which was forced to slash both its workforce and its 2012 outlook last month. Now CFO Dave Wehner is jumping ship for, of all companies, Facebook. Zynga, whose main business is making Facebook games like FarmVille, announced Wehner's exit late Tuesday. After two years in his role at Zynga, Wehner is leaving for a "senior finance position" at Facebook (FB). Wehner helped "guide the company's transition from startup through IPO," CEO Mark Pincus said in a blog post. Zynga made its public debut in December 2011. Its shares have lost 78% of their value since then, currently languishing near just $2. The new CFO will be Mark Vranesh, who will also retain his current title of chief accounting officer. Vranesh had served as Zynga CFO from 2008 to 2010.
Keywords:
Zynga blog post chief operations officer chief accounting officer Facebook Mark Pincus casino games new games John Schappert NEW YORK Wall Street earnings real money Business development company CNNMoney FarmVille outposts workforce delays roulette flagship month write-down long-term Barry -Ville operator poker main maker finance investors accounting Japan Austin Boston studioPeople:
Dave Wehner
Overall Sentiment: 0.254528
Relevance: 0.802144
CEO Mark Pincus
Overall Sentiment: 0.144017
Relevance: 0.693222
| Sentiment | Quote |
|---|---|
| 0 | "guide the company's transition from startup through IPO," CEO Mark Pincus said ... |
| 0.147905 | "These changes come at an important time," Pincus wrote ... |
| 0.151426 | "These changes come at an important time," Pincus wrote in his blog post. "We are positioning ourselves for long-term growth and I'm confident that we have the breadth and depth of management talent to deliver on our mission of connecting the world through games." |
| 0.141626 | Pincus did acknowledge, however, that "we still have a lot of work to do." |
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Mark Vranesh
Overall Sentiment: 0.149856
Relevance: 0.502398
Zynga
Overall Sentiment: -0.26734
Relevance: 0.447163
Steven Chiang
Overall Sentiment: 0
Relevance: 0.292402
Barry Cottle
Overall Sentiment: -0.0114359
Relevance: 0.290939
David Ko
Overall Sentiment: 0.0862471
Relevance: 0.286486
John Schappert
Overall Sentiment: -0.445243
Relevance: 0.273354
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Company: Facebook
Overall Sentiment: 0
Relevance: 0.54316
Disambiguation: Website | VentureFundedCompanyReferences:
City: NEW YORK
Overall Sentiment: -0.175528
Relevance: 0.343319
Disambiguation: References:
Country: U.K
Overall Sentiment: 0
Relevance: 0.314381
Disambiguation: Location | AdministrativeDivision | GovernmentalJurisdiction | Kingdom | MeteorologicalServiceReferences:
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It's been a rough few weeks for Zynga, which was forced to slash both its workforce and its 2012 outlook last month. Now CFO Dave Wehner is jumping ship for, of all companies, Facebook.
Webpage Provided Keywords:
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- farmville
- mark pincus
- steve chiang
- znga
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- zynga cfo
- zynga earnings
- zynga executive
- zynga farmville
- zynga layoffs
- zynga outlook
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Provided Title:
Zynga CFO leaves amid major executive shakeup
Source Webpage: Click
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