CEO also recently accepted full blame for creating the financial mess for the company which lead to the recent filing for a type of bankruptcy called "Assignment for the Benefit of Creditors."
Yesterday he was being blamed solely for the mess and doing nothing about it nor informing the employees of the situation until it was too late which lead to the mass firings yesterday.
His official reason was basically over expansion to the point of them having over 8000 servers being used by only 1600 paid users.
http://www.gameinformer.com/b/news/a...ankruptcy.aspx