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Zynga forecasts bigger than expected loss for Q2, shares plunge after hours

0. phoneArena 25 Apr 2013, 00:11 posted on

Game publisher Zynga said that it will report a bigger than expected loss for the current quarter which sent the shares plunging 9% in after hours trading to $3.05 despite reporting a surprise profit for the first quarter thanks to sharp cost-cutting; 22% of the company's revenue is now related to mobile, up from the 12% of revenue attributed to mobile last year...

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posted on 25 Apr 2013, 01:04 2

1. Reluctant_Human (Posts: 864; Member since: 28 Jun 2012)


Is anyone really surprised? Zynga makes novelties that people get bored of incredibly quick.

posted on 25 Apr 2013, 02:59 3

2. roscuthiii (Posts: 1843; Member since: 18 Jul 2010)


Die in a fire Zynga, die in a fire. We don't need no water, let the m!@#$% burn!

posted on 25 Apr 2013, 03:35

3. daniel_bargs (Posts: 323; Member since: 27 Nov 2010)


Cityville was the most played online game during its limelight... until I stopped playing because of too many quests that requires you to pay to finish... damn! Wishing for their speedy bankruptcy! their game stole most of my highschool!

posted on 25 Apr 2013, 05:55

4. CellularNinja (Posts: 303; Member since: 27 Sep 2011)


I hope Zynga can bounce back. I never wanna see a business go down like this... Except for Apple :)

posted on 25 Apr 2013, 08:10

5. Fruitpoop (Posts: 34; Member since: 27 Dec 2012)


So many wasted hours on Farmville:(

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