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The biggest social game in the world appears to be in a bit of an awkward situation. Zynga, the company behind the hugely successful social networking game, Farmville, have posted figures that point towards a big decline for them.
Shares were initially down by 8% for the company before the report had even been released. Now they are down 41% leaving the value at $2.99.
Facebook also suffered a drop of 6.6% in their shares, which is not entirely their only issue, as Zynga are citing Facebook as a large reason for the huge drop in their shares, saying that issues have arisen in part due to “a more challenging environment on the Facebook platform.”
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Published: Jul 26, 2012 08:11 pm