Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday August 10, 2014

Zynga Stock Drops After Social Game Maker Lowers Forecast

Once the social media darling of Facebook gaming, Zynga has fallen on hard times lately and the latest numbers are not encouraging. On Thursday, Zynga lowered its financial forecast, causing another drop in Zynga stock pricing.

For the three months ended June 30, it reported a net loss of $62.5 million, or 7 cents a share, compared with a loss of $15.8 million, or 2 cents a share, in the same period a year ago.