Social Media Newsfeed: Zynga CEO Out, Microsoft Exec In | Facebook Second-Quarter Results

Struggling Zynga Names Microsoft Exec Mattrick as CEO (USA Today) Shares of Zynga Monday closed up more than 10 percent on news that founder Mark Pincus would step down as CEO amid mounting Wall Street pressures to correct the company's course. Zynga said that Don Mattrick, who led Microsoft's Xbox business for the past three years, will take the top job at the struggling online games giant. Pincus will remain as chairman and chief product officer.

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Struggling Zynga Names Microsoft Exec Mattrick as CEO (USA Today)
Shares of Zynga Monday closed up more than 10 percent on news that founder Mark Pincus would step down as CEO amid mounting Wall Street pressures to correct the company’s course. Zynga said that Don Mattrick, who led Microsoft’s Xbox business for the past three years, will take the top job at the struggling online games giant.

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