Zynga loses treasurer to Twitter

Zynga loses treasurer to Twitter
Seth Tipps

By Seth Tipps

November 16th 2012 at 7:32AM

Executive departs as company stock makes small rally

Social games giant Zynga lost yet another executive this week as treasurer Mike Gupta joined social media firm Twitter.

This is the second major exec departure to be announced this week, following the loss of chief financial officer David Wehner to Facebook.

News of the departure broke when Twitter revealed the appointment of Gupta as vice president of corporate finance and treasurer in an e-mailed statement to Bloomberg.

Slowing growth has led to an executive exodus of over a dozen top managers that has sapped morale at the social gaming company.

Stocks have made a slight recovery in the past few days to $2.29 cents, but this is still miles away from its IPO launch at $10 a share.