Zynga’s weak pivot to mobile, loss of casual gamers turns serious
SAN FRANCISCO (Reuters) – Zynga Inc’s inexorable decline over the past six months, capped by a sharp reduction in its 2012 outlook on Thursday, has sharpened interest in what Chief Executive Mark Pincus will do next. Wall Street’s excitement over a game publisher once counted among the stars of the new social Internet has cooled since its December initial public offering. On Friday, analysts slashed their price targets on a stock that dived as much as 22 percent, to $2. 21 – more than three-quarters off its $10 debut. . . .
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