Now comes word of a shakeup in Zynga's executive ranks. Chief operating officer John Schappert loses a couple of key direct reports, who will now report directly to the CEO, and will no longer oversee game development, according to Bloomberg.
The demotion adds insult to injury for Schappert, who was named as a defendant in several class action suits for selling $3.9 million worth of Zynga stock before the share price crashed, VentureBeat reports.
In the time since the top-level executives sold their stock, Zynga's stock value has decreased by more than 75%, the Wall Street Journal notes.
JOHN MCDERMOTT is a business and culture reporter whose work has appeared in the Chicago Tribune and Playboy and on AOL.com. He recently moved from Chicago to Brooklyn, New York, to work for Inc.com. @J_M_McDermott