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Ok, so the part where I said "If they could cash out right now, I bet they would" was apparently more true than I thought. Apparently the CEO Mark Pincus sold
by lix2333 15y ago
Ok, so the part where I said "If they could cash out right now, I bet they would" was apparently more true than I thought.
Apparently the CEO Mark Pincus sold some of his stock at $14/share in March and made $100m from it. Why in the world would a CEO sell stock of his own company before its IPO? Maybe because he needed the money, maybe he wanted to diversify. It seems a little odd to me that he would do that though.
http://finance.yahoo.com/news/for-zynga-ceo--cash-came-early.html http://finance.yahoo.com/news/for-zynga-ceo--cash-came-early...