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Zynga's chief marketing and revenue officer, Jeff Carp, has resigned effective immediately. A replacement has not yet been named.
Over the past few months, several other executives, including chief operating officer, have left the company as well. Holding onto talent is turning into a real problem for Zynga, especially considering the lifespan of games' popularity is relatively short, so top-notch creatives are key for success.
Zynga shares are down about 70% year to date, and Fool.com analysts agree that the stock's an untouchable. Zynga is unable to maintain share price, can't seem to keep talent in-house, and is dangerously reliant on Facebook, now known as the world's worst IPO. Furthermore, with Facebook eager to expand and diversify its gaming environment, it may prove less friend than foe to Zynga in the end.
See more in the following video.
Zynga's post-IPO performance has been almost as dreadful as Facebook's, and investors are forced to wonder whether it's game-over for this newly public company. Learn everything you need to know about this company, including when to sell (or buy, depending on your approach) in our new premium research report. Being so closely related to the world's largest social network is a blessing and a curse at the same time, so don't even think about picking up shares before you read what our top analysts have to say about Zynga. Click here to access your copy now.
The article Another Zynga Exec Calls It Quits originally appeared on Fool.com.
Chris Hill, Jason Moser, and Joe Magyer have no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Facebook. Motley Fool newsletter services recommend Apple and Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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