Pincus will also leave his full time employment at Zynga. He will become a non-executive Chairman of the company. In his post on Medium, Pincus wrote: Following the news of Pincus’ departure and the release of Q1 financial results, shares of Zynga fell 2% on Wednesday. Pincus stepped down from the CEO role at Zynga once before. He returned to the company behind games like Words With Friends in 2015, when the company was experiencing financial difficulties that led its CFO to resign. In 2016, Zynga hired Frank Gibeau from EA to take over the CEO gig from Pincus. It is the stability of the company that led Pincus to reevaluate and change his role. Zynga IPO’d at $10 a share in 2011 for a $7 billion valuation Over the past six years, it has been in the $3-$5 range. As of this writing, shares of Zynga, Inc. are $3.77. Pincus did not reveal what he plans to do next, but consider this: by changing the status of his stock, he is also giving himself the ability to sell all of it. In his Medium post he wrote: Could there be another Pincus founded company in the near future? Mark Pincus has a net worth of $425 million.
