Zynga cuts jobs, shares fall

June 4, 2013 | Last updated on June 4, 2013
1 min read

After Zynga announced it would cut more than 500 jobs, shares fell 12% to close at $2.99 in New York, says Financial Times.

“The company grew quickly as it became the biggest games publisher on Facebook, but has been retrenching in recent months, as new titles have disappointed and earnings have fallen short of expectations,” reports FT.

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