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Zynga makes profit, but shares still drop..WHY?

Summary:

  • Zynga Inc said on Wednesday the number of people playing its online games dropped dramatically in the first quarter
  • Shares fell 10 percent to $2.99 in extended trading.
  • its number of monthly players continued its decline to 253 million
  • Zynga’s quarterly bookings of $229.8 million also topped estimates, but its losing its user base thus making shares drop
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April 24, 2013

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