Good morning! PokerV. I found this notes, wonder if is pertaining to you and some departed Zynga's employees:
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18 hours ago
• "It's distracting because people have a lot of wealth tied up and have been doing calculations of how long they're sticking at Zynga," said one of the company's earliest hires, who departed recently. "From the beginning there were expectation-setting signals that you're going to burn red for a while, you're not going to have weekends, and you'll be here until 2 a.m., but the result is that you're going to be a millionaire."
• "Zynga's a tough place to work," said Lou Kerner, founder of the Social Internet Fund, who has invested in Zynga. "You go there because there's a lot of upside to the shares, so it's disappointing when the markets are against you."
Those who can prove their worth, thrive. For several years, management has called all-hands assemblies every quarter where a handful of Zynga's high performers are each awarded $100,000 worth of vested stock.
But a former employee, who left the company in April after two years as a developer said frustration was bubbling among some of the rank and file as the value of their holdings slid and project launches were delayed. In Austin, Texas, where Zynga employs scores of workers, a recent internal survey showed only 20 percent confidence in management, he said. After that, office managers held meetings with staff to discuss the results and air grievances.
"I didn't see anything coming out of the company that could result in the stock price going up," said the developer. "There's a big reason why Zynga is making a big push for external acquisitions."
I HAVE WONDER IF THIS CAN HELPS IN DETERMINED IN ACQUIRING/ HOLDING ZYNGA's As long term investing.
JUST SHARING, JHMO. GLA
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