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Analysts warn that Zynga may not find a path back to profitability
Following another disappointing financial quarter for social game behemoth Zynga, analysts have chimed in on the company’s prospects, noting that Zynga’s transition to mobile games has been “more painful than expected.” Colin Sebastian at Baird Equity Research has downgraded Zynga to “Neutral”, stating that “it is clear that Zynga will not be able to counterbalance social gaming headwinds this year with its success in mobile and its broader network buildout.” He believes that Zynga’s platform …
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