The social games developer Zynga is withering faster than neglected corn on its signature hit FarmVille. Source; nytimes.com
The shares fell as low as $2.93 after the report yesterday. The drop in late trading added to the 49 percent decline in Zynga since its initial public offering in December. Source; bloomberg.com
Zynga Inc. has faced growing fatigue among its users, many who play fewer social games than before or have shifted to mobile apps. Source; bloomberg.com
Three of Zynga’s oldest games accounted for 60 percent of its revenue in the quarter, with “FarmVille” contributing 29 percent of sales, poker making up 18 percent, and “CityVille” generating 13 percent, Chief Financial Officer Dave Wehner said on a call with analysts yesterday. Source; bloomberg.com
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