Zynga passing out stock to keep employees
The hits keep coming for Zynga, and we aren't talking about blockbuster game launches. The latest is from a Bloomberg source, who says Zynga gave out equity grants to all full-time employees in late July to prevent an exodus, following the tides of fortune turning.
Bloomberg reports although the company routinely gives options and cash bonuses to employees, this was the first time equity awards were given to all staff.
This all went down on July 25 and company news has been nuts since, with an insider trading lawsuit, then another lawsuit from Electronic Arts, and the departure of the company's chief operating officer. Looks like Zynga's gonna need to find some more of that $3 stock to pass around like chiclets.
