Zynga Shares Down 35% in After-Hours Trading
Zynga's shares have lost approximately 35 percent of their value in after-hours trading yesterday (July 26, 2012). This happened after the company released an earnings report with a net loss of $22.8 million. This is far below what analysts had predicted.
Zynga launched a few new games this quarter, but apparently this didn't help the company enough. Zynga is most know for their social game, FarmVille.