Thursday, July 25, 2013

Zynga folds on U.S. gambling bet, shares plummet

The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San Francisco By Gerry Shih SAN FRANCISCO (Reuters) - Zynga Inc will largely abandon its long-running efforts to build a real-money gaming business in the United States, a prospect investors once believed to be the struggling company's sole lifeline. The surprise announcement came Thursday as the company behind once-popular games such as "FarmVille" and "Words with Friends" reported that it lost 40 percent of its monthly active users in the second quarter, as it bleeds mobile gamers to aggressive rivals. ...








via Gaming News Headlines - Yahoo! News http://news.yahoo.com/zynga-folds-u-gambling-bet-shares-plummet-010601711.html

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