Zynga Shares Fall Following Press Conference - News
by William D'Angelo , posted on 27 June 2012 / 4,623 ViewsZynga shares have fallen by 30 cents or five percent following its 'Unleashed' press conference, reports Develop. Shares closed at $5.77 yesterday, after a daily high of $6.35. The drop is shares shows that investors aren't convinced by what Zynga showed off at its press conference.
Zynga announced it was opening up its standalone platform Zynga.com to third party developers. New social features were also announced, including Zynga with Friends and multiplayer. Zynga announced that there are more than a million player actions every second for all of its games combined.
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And not a single tear was shed that day.
Not even Zynga execs, who are fully aware that their company is the spawn of Satan himself.
If Zynga, the kings of casual gaming are screwed, look out Nintendo.
This shows that the model which everyone thinks will replace traditional console gaming is flawed. After a while, people stop buying the same thing.
cough iPhone... :-P
time to DIE casual gamers, cancer that is killing the industry!!







