Zynga CEO Mark Pincus received a compensation package valued at $1.7 million in 2011, most of it in the form of a home security system and related expenses.
Online games company Zynga Inc. said Wednesday that CEO Mark Pincus and other insiders will sell some of their stake at $12 a share, slightly below Wednesday's closing price.
Zynga's CEO and other insiders at the online games company plan to sell 43 million shares of stock in a public offering that will boost the amount of stock available for general trading by 35 percent.
As its workers celebrated with hot chocolate and cinnamon buns, Zynga saw its stock dinged on its first day of trading Friday _ an unexpected turn of events for a closely watched public debut seen as a precursor to Facebook's next year.
Zynga's stock got a lukewarm reception in its public debut Friday.
Zynga's stock got a lukewarm reception in the opening minutes of its public debut Friday.
Zynga is poised to harvest some cold hard cash in its initial public offering. Who knew that selling virtual cows and digital corn on Facebook would create a $7 billion company?
Hoping to harvest some fresh cash, the online game company behind "FarmVille" said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares.
Zynga CEO Mark Pincus is pushing some of the online game company's early employees to give back stock they own ahead of the company's initial public offering of stock, according to a published report Thursday.