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See the best of Reuters photography. See more | Photo caption Olympics: Day 5 Highlights from day five of the Olympics. Slideshow The Leaning Colosseum The ancient Colosseum of Rome is slanting and authorities are investigating whether it needs urgent repairs. Slideshow Zynga shakes up top management Tweet Share this Email Print Related News Analysis: Internet stock collapse dents Silicon Valley Fri, Jul 27 2012 Facebook's value slides by $10 billion; outlook unclear Fri, Jul 27 2012 Facebook revenue growth skids, shares plunge Fri, Jul 27 2012 Facebook shares pressured by Zynga ahead of results Thu, Jul 26 2012 Zynga shares slump on fading "Farmville" fortunes Thu, Jul 26 2012 Analysis & Opinion Rovio set to launch its next mobile game “Amazing Alex” Ouya: A hackable, $99 gaming console is in the works Related Topics Tech » Media » The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San Francisco, California April 26, 2012. Credit: Reuters/Robert Galbraith By Gerry Shih Wed Aug 1, 2012 1:06pm EDT (Reuters) - Embattled Zynga Inc has shuffled its top management following a calamitous second quarter that left its stock in the gutter and spurred shareholder lawsuits. The game publisher said Chief Operating Officer John Schappert will no longer oversee game development. Those responsibilities have been shifted to Chief Mobile Officer David Ko and Executive Vice President of Games Steve Chiang, who will now report directly to Chief Executive Mark Pincus, the company said in a statement. "In order to unify our company around a multi-platform approach, we reorganized our teams in July to integrate web and mobile groups," Zynga said. Zynga shares were trading at $2.84 on Wednesday, down 4 percent on the day and 72 percent below the company's IPO price of $10 in December. The shakeup reflected the company's move to prioritize its mobile offerings to compete in the fast-changing social gaming market, where users have been abandoning desktop games to play on smartphones instead. "Our players expect their favorite games on every platform, and we want to unlock everyone in the company to continue moving quickly against the multi-platform opportunity," Zynga said. A swift decline in players of its traditionally strong, Facebook-based games, which generate more than 90 percent of Zynga's revenues, stung the company in the second quarter. Zynga last week reported results that fell short of Wall Street expectations and slashed its full-year forecast, sending its stock tumbling 40 percent. This week, two law firms have filed class-action shareholder lawsuits against the company. The management shakeup was reported by Bloomberg on Tuesday. (Reporting By Gerry Shih) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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