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Zynga Posts $209 Million Loss In 2012

Zynga lost $209 million dollars during its first year as a publicly traded company, but it is doing better than Wall Street analysts predicted.

Gamasutra is reporting that in 2012, Zynga lost money and 6 million people from its user base. That still leaves the company with over 50 million daily users, and the mobile and Facebook game developer's stock prices have gone up six percent.

Zynga has been plagued with problems recently including losing its chief game designer and a number of layoffs and game closures, so maybe a smaller than predicted loss is good news for the company.

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