Zynga shares plunge 9.5% record lows: gaming business lower
Source: Internet
Author: User
KeywordsStock price Facebookzyngafacebook
http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time June 12 Evening news, Zynga shares tumbled 9.5% in early trading in Tuesday, Reported at $5.03 trillion, the lowest point since the IPO last December.
The share price tumbled mainly because of concerns that Zynga's gaming business has peaked, with Zynga's themes including "Farmville" and "Hidden Chronicles", which have been courted by millions of of Facebook users. But with more and more gamers turning to smartphones, Zynga users are losing a lot of it.
"We think players ' interest in the Facebook game has reached a negative turning point because more and more casual gamers are turning to mobile platforms," Cowen &co, an investment bank, said in a research report in Tuesday. ”
The report also says the number of gamers on Facebook is accelerating.
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