Tomahawk, WI 06/09/2014 (Basicsmedia) – Zynga Inc (NASDAQ:ZNGA)‘s shares have been throttled off late, and consequently, the shares plunged 10.12% between June 04 and June 06, 2014! This slide was fomented by the CEO, Don Mattrick’s comments regarding the company’s prospective growth in the future.

Sketchiness And Pessimism Defined The CEO’s Approach

At a conference-meet, the CEO of ZNGA gave a sloppy overview about the company’s potential to earn profits. The company has been reeling in losses over the past four quarters. When asked about future propositions, the CEO gave a sketchy overview, remaining tight-lipped about the expected product pipeline of the company.

Pincus Leaves, CEO Tight-Lipped

Don Mattrick’s tenure at Zynga Inc (NASDAQ:ZNGA) has been fanned by three incidents, wherein, high-profile executives have already exited! In April 2014, then-CPO, Mark Pincus left his post, exiting from operational duties at ZNGA. Pincus had played a pivotal role in the past as he had led Zynga to glory and fame. Hence, his exit has bludgeoned the company’s growth prospects.

ZNGA has retained its tight-lipped approach and never disclosed the prominent reasons behind such exits of its renowned senior employees. Coupled with this, the CEO brimming with pessimism has taken the investors into the back-foot, shaking the latter’s confidence veritably!

ZNGA Focuses On Creating Fan-base, Not Mere Audiences

At the conference, Mattrick was asked about his insights and views about Zynga’s customers. The CEO retorted that the company is making possible efforts to turn its customer-base into a whopping fan-base. He claimed that in this era of sophistication, he is more interested to create valuable fan-base rather than just audiences.

The Period Of Debacle

Zynga Inc (NASDAQ:ZNGA) had been passing through rough phases, ever since it became a public organization towards the end of 2011. Multiple layoffs, inappropriate acquisitions and a bitter relationship with the social network major, Facebook, has marred ZNGA’s inclusive growth and exclusive profitability. Once at the helm with $10.00/share in 2011, ZNGA has now fallen far beyond the investors’ anticipation – trading at $2.97!

As the CEO sounds bizarrely pessimistic, the investors are now in a quandary; consequently Zynga Inc (NASDAQ:ZNGA)’s future prospects seem exceptionally bleak, resulting in senior executives quitting office and profits dwindling and the company’s performance-drive structure falling apart!

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.