Zynga Stock Falls After Swearing Off Real-Money Gambling in U.S.

Zynga's stock fell 14% in after-hours trading on Thursday after the company announced it was abandoning plans to get into real-money gambling.

"While the Company continues to evaluate its real money gaming products in the United Kingdom test, Zynga is making the focused choice not to pursue a license for real money gaming in the United States," the company said in a release.

The announcement came with reports that revenues fell 31% in its latest quarter and its daily active users dropped 45% from its all-time peak last year of 72 million to 39 million Read more...