Zynga Stock Drops 41%

Zynga’s stock has suddenly dropped 41%. This is surprising news for the FarmVille maker, which has been facing difficulties on the stock market since it went public late last year. Shares fell to $2.99 a pop after hours today and have been fluctuating around there since. When Zynga went public in December, shares sold for $10. In a press release sent to investors today, Zynga blamed delays, Facebook, and Draw Something, winner55 com เพื่อ เข้า ระบบ ค่ะ which the company purchased for $210 million earlier this year, for their struggles. “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 สมัคร winner55 เครดิต ฟรี 188 for Draw Something,” the company wrote.cnx.cmd.push(function(){cnx({"playerId":"e3616d04-4972-4839-a63a-c6975e2e9731","settings":{"advertising":{"macros":{"AD_UNIT":"/23178111854/od.kotaku.com/article","CHILD_UNIT":"article","POST_ID":"5929083","POST_TYPE":"post","CHANNEL":"uncategorized","SECTION":"","SUBSECTION":"","CATEGORIES":"uncategorized","TAGS":"","NOP":"0"},"timeBeforeFirstAd":0}}}).render("cnx-player-main")}); https://kotaku.com/remember-draw-something-millions-of-people-dont-like-i-5908975 Zynga said changes in the way Facebook handles game alerts—favoring new games—hurt them. They say those changes impacted the popularity of existing games. “We also faced new short-term challenges which led to a sequential decline in bookings,” CEO Mark Pincus said in a press release. “Despite this, we’re optimistic about the long-term growth prospects on mobile where ทางเข้า winner55 ผ่านโทรศัพท์มือถือ​ we have a window of opportunity to drive the same kind of social gaming revolution that we enabled on the web.” Photo: Argus/Shutterstock