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‘Zynga overpromised and significantly underdelivered’ – analyst
Analysts have been reeling in shock from Zynga’s most recent fiscal quarter results, as multiple firms react to the social game giant’s “significant” revenue shortfall. Zynga saw revenues of $332.5 million for the last quarter — while that’s still an increase of 19 percent year over year, the figure disappointed investors, and Zynga’s stock plummeted roughly 40 percent in after hours trading. Ben Schachter and John Merrick of Macquarie Securities Research admitted that the “shocking …
