Lakeway, NY -- (SBWIRE) -- 02/26/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Zynga Inc (NASDAQ:ZNGA)’s CEO Mark Pincus said that the company is focusing on making gambling games social rather than trying to cash in on the existing hardcore gambling market with its foray into online gambling in the U.K.
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"It makes it more exciting than when you're by yourself in an anonymous poker room," Pincus said during a Morgan Stanley conference in San Francisco today.
"We're not the company to win the hardcore real-money gamers," he said. "But we think we are for the mass market audience."
Pincus has been working to restructure Zynga by reducing expenses and shoveling resources to the company's more profitable endeavors. In the process, its workforce has been shrinking, through layoffs and fleeing executives.
Of late Zynga’s share picked up as Nevada became the first state to allow online gambling last week.
"The lesson to us is we can invest more confidently in our franchises, but only when we stay true to the original formula," said Pincus who pointed to the FarmVille and CityVille franchises as examples. While CityVille 2 failed -- the company pulled the plug on it earlier this month due to its poor performance -- FarmVille 2 is a success.
Humana Inc (NYSE:HUM) announced the retirement of James H. Bloem, 62, Senior Vice President, Chief Financial Officer and Treasurer effective from December 31, 2013, and that it has begun searches for successors to both the Chief Financial Officer and Treasurer roles.
Both internal and external candidates will be considered for the post.
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Bloem, who joined Humana in February 2001, will participate in the search processes and assist in the transitions of both roles between now and year-end.
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