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Zynga Stock Dives as Facebook Keeps Backing Away
It’s looking like Facebook may be getting into the gaming business, much to the disappointment of Zynga and its stockholders. Facebook and Zynga look to be parting ways as far as exclusivity goes. Zynga stock fell 7% on the news of the split.
In Facebook’s third-quarter earnings call, CEO Mark Zuckerberg singled out Zynga as under-performing compared to other games companies on Facebook.