Re:Zynga to employees: Give back our stock or you'll be fired
by ChuckMcM on Thursday November 10, 2011 @02:19PM
(#3221384)
The poster child here is Groupon (GRPN) and while the poor choices of their executives did negatively affect the IPO they are still (11/9) trading above their IPO price of $20 ($24.50 when I glanced).
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Re:Zynga to employees: Give back our stock or you'll be fired
by fab13n on Thursday November 10, 2011 @02:52PM
(#3221555)
I don't think that Groupon execs are widely perceived as crooks, whereas Zynga's ones are more than hard to defend here.
Moreover, Zynga execs' move was likely intended to increase the total worth of their shares; if they manage to claw 20% more shares, but destroy 30% of each share's value, they've hurt themselves even in the short term (figures made up for illustration, obviously).
Re:Zynga to employees: Give back our stock or you'll be fired
by sabat on Friday November 11, 2011 @12:59AM
(#3223599)
I don't think that Groupon execs are widely perceived as crooks, whereas Zynga's ones are more than hard to defend here.
Actually, Groupon's execs are widely perceived as crooks.
Re:Zynga to employees: Give back our stock or you'll be fired
by Kavan on Friday November 11, 2011 @02:33AM
(#3223792)
From my perspective, and I think it is inline with consensus, Andrew Mason is quirky and different, but is not a crook. He handled the Japanese new year issues pretty well last year. http://techcrunch.com/2011/01/17/groupon-ceo-andrew-mason-so...
Their sales teams are apparently very aggressive but that doesn't make them crooks.
Re:Zynga to employees: Give back our stock or you'll be fired
by vikas5678 on Thursday November 10, 2011 @04:54PM
(#3222064)
While GRPN IPOed at $20, it opened for trading to the public at $30 and its dropped daily ever since.
Re:Zynga to employees: Give back our stock or you'll be fired
by onemoreact on Thursday November 10, 2011 @03:34PM
(#3221750)
There market cap is still well below what their first IPO was going to be set at.