The lights are on
Zynga's stock dropped to a record low 41 percent today with shares falling to $2.99 in after-hours trading. The stock closed at just over $5.00. The dropped also affected Facebook with its shares falling 7 percent.
The company posted a $22.8 million loss in the second quarter. "We are lowering our outlook to reflect delays in launching new games, a faster decline in existing web games due in part to a more challenging environment on the Facebook web platform, and reduced expectations for Draw Something," Zynga CEO Mark Pincus says.
When Zynga went public back in December 2011 its shares were worth around $10.00.
What happened to that Draw Something Tv show Zynga owns Draw Something sooooo........
The folks who sold draw something to zynga are looking smarter each day.
Easy come, easy go, eh?
Ya makes ya money on the casuals, ya takes ya chances.
thank god lol
The problem is thier games are a short run. games like draw something and words with friends were a big hit, for while but then people got bored with them and moves on to other apps. Then again we're not entirely sure why Zygna is in the ***. it just an opinion.
I'm not sad
Damn, that's one hell of a nosedive
Why do they even use stocks anymore it just seems like a death trap?
ewww facebook games
Yeah, eff ewwww to a terrible, evil company. I will never play your games, and I hope you eat it and die and take Eff book with you.