New CEO of Zynga, Don Mattrick, has his work cut out for him. Mattrick was previously the head of Microsoft's Xbox and PC gaming business.
The social-gaming company's stock price fell 14% after its quarter report went out. There was also a general growing concern about the future of the company.
The third quarter forecast also did not look better. Zynga's shares were expected to lose US$0.02 per share on US$214.3 million in sales, according to analysts.
Mattrick has already decided his first order of business. "I'm going to use the next 90 days to assess and reset our product pipeline. I see the potential in all parts of our business," he said.
"It's clear that the market opportunity around us is growing at an incredible clip. It's also clear that today we're missing out on the platform growth that Apple, Google and Facebook are seeing," Mattrick said. "Getting a business back on track isn't easy and isn't quick. We have a lot of hard work in front of us," Mattrick added.
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