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Zynga In The Dog House Now, Misses Estimates
Zynga released it’s quarter earnings after the market closed today and it would appear missed it’s estimates. After hour trading has reduced the stock 41% for Zynga, down to 3.03 a share. Zynga reported a net income loss of 22.8 million from last year, mostly due to a 95.5 million sell in stock options from employees. Is the end nearing for Zynga, the once king of casual gaming? See the full report over at Barrons.