Zynga slides after updated agreement with Facebook
The Economics of Wall Street by Tony Fischer Photography
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
NEW YORK Zynga (ZNGA) shares tumbled almost 12 percent in after-hours trading Thursday after the online game business and Facebook (FB) disclosed that they changed their relationship condition to come to be less attached to each other. Zynga stated in a regulatory filing Thursday that it will not have to show Facebook ads or make use of Facebook payments on its own properties - such as Zynga.com. In addition Zynga will not be called for to make use of Facebook as the exclusive social website for its games, or to grant Facebook exclusive games. Zynga slashing personnel by 5 percent to cut expenses Zynga woes show fiefdoms dangerous for capitalists Facebook, which filed a comparable disclosure, will additionally have the ability to develop its own games after the end of March. Its handle Zynga formerly prohibited that.
People:
Zynga
Overall Sentiment: 0.0553041
Relevance: 0.223381
Additional Info:
Company: Facebook
Overall Sentiment: 0.181212
Relevance: 0.890641
Disambiguation: Website | VentureFundedCompanyReferences:
Technology: Facebook
Overall Sentiment: 0
Relevance: 0.445017
Webpage Meta Tags Details
Webpage Provided Keywords:
Webpage Provided Title:
Webpage Provided Desc:
Source URL: Zynga slides after updated agreement with Facebook
- after-hours trading
- government filings
- online games
- shares
- stock price
- updated agreement
- zynga
Webpage Provided Title:
Zynga slides after updated agreement with Facebook
Webpage Provided Desc:
Facebook said it will develop its own games, which it previously was prohibited from doing
Source URL: Zynga slides after updated agreement with Facebook
No comments:
Post a Comment