Zynga modifies equity structure CEO has 70 voting rights

In the early hours of August 26, the Sina Science and technology news, Zynga is revising its shareholding structure, giving Zynga CEO Mark Ping Cass (Mark Pincus) The right to vote 70 times times the common stock. According to a document obtained by Bloomberg, Zynga's board approved a three-tier shareholding structure, with the shares having 70 voting rights per share, and 60 voting rights; stocks of investors and other current shareholders have 7 votes per share, with 6 votes added.　　The shares of ordinary shareholders have 1 voting rights per share.　　According to a contract released by Zynga legal representative Carlin Smith Karyn Smith, Zynga requires current shareholders to approve a new equity structure by September 2, and if the ownership structure is approved, it will "consider an IPO" when it comes into effect.　　On July 2, Zynga submitted a preliminary application to the US Securities and Exchange Commission (SEC) for listing the IPO in the US market, to raise up to $1 billion trillion in funds. Zynga was founded in 2007, currently has more than 2000 employees, the monthly number of independent user visits 148 million people, users in 166 countries.　　With 232 million active users each month (one user can play a variety of games), global users play Zynga games for 2 billion minutes a day. Zynga will be the first publicly traded company to earn a major income from virtual goods sales. The company's name comes from the founder Mark Ping Golf's American Bulldog.　　Zynga's popular games include CityVille, Empires & Allies, FarmVille, and Mafia Wars. According to U.S. GAAP, Zynga earned $597.5 million last year, at $121.5 million in 2009. Zynga's revenues totaled 235.4 million dollars in the first quarter of this year. The company achieved a profit of $27.9 million last year, with a loss of $52.8 million in 2009. (New Tie)