The Fall Of Zynga Games!

Not too long ago we talked about how Zynga Games was under investigation after doing some shady stock dealings. Then not too long after, COO John Schappert quit the company without naming a successor, most likely trying to dodge any bullets fired into the company. Then not too long after THAT, EA reported that they are suing Zynga for coping their game, The Sims Social, a move that most people in the community said was a great one. The consensus was that Zynga kept getting away with coping other companies ideas and the moment they crossed EA it was game over. Now we have even MORE bad news.

Today Bloomberg reported that, after an anonymous tip from someone inside Zynga, the company is dolling out stock options to ALL employees in an attempt to prevent a mass exodus from the company.

It looks like the company is on it’s last leg. With the COO gone, and pending lawsuits there isn’t much left for the company who only makes products after stealing IP’s from others.

Stocks for Zynga fell two percent. Closing price is $2.95.