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How Zynga Can Save Itself: Better Games, Not Gambling
For those of us who lived through the dotcom crash of 2000, plummeting tech stocks are nothing new. But I can't remember ever seeing a company lose 40% of its value in just a few hours -- and that's what happened to Zynga Wednesday afternoon.
The online gaming giant's share price, which once stood as high as $16, has been trading in the region of $5 recently -- until it released its second quarter earnings report Wednesday, and the price wilted like an untended FarmVille crop to $3 in after-hours trading.
Investors, it seemed, had finally lost patience with Zynga founder and CEO Mark Pincus, and his vague explanations of how the company will continue to grow.
I can't say I bla…
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