Obama’s Super PAC Priorities USA got a major boost from the CEO of Zynga, an online game company struggling for survival. According to the group’s pre-general FEC report, Mark Pincus contributed $1 million to the group that blamed Mitt Romney for the death of a woman from cancer.
Pincus' contribution might raise some eyebrows, given Zynga's recently announced layoffs: roughly 160 employees will receive pink slips after it was announced that five percent of the company would be let go.
Zynga is the company behind Farmville, Words With Friends, and FarmVille2. Zynga went public in December 2011. Its IPO price was set at $10 and it opened at $11 on December 16, 2011. The stock closed on October 25 at $2.39, down nearly 80 percent in less than a year.
Obama’s biggest donor, DreamWorks Animation’s Jeffrey Katzenberg, sits on the board of Zynga. Katzenberg was added to Zynga’s board to give credibility to the company as it prepared to go public.