Zynga Shares Decline About 20% To All-Time Low In After-Hours Trading

view story

http://techcrunch.com – After cutting its full-year projections for bookings and earnings, Zynga’s shares fell more than 20 percent to an all-time low in after-hours trading. The company’s shares are trading at $2.22, down more than 21 percent from today’s close of $2.82. It’s been a hard road for the company since its IPO last December. Not only have numerous executives left (many of them brought over from EA), but several games like The Ville have not performed up to expectations. Zynga also said that it has had to write off between $85 million and $95 million of the $180 million it paid fo (IT news)