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Zynga Has Another Bad Quarter

Sending its stock tumbling on Wednesday, Zynga reported a second-quarter loss, with adjusted earnings and revenue below Wall Street's modest expectations. The online social-game maker said it lost $22.8 million during the quarter -- down from $1.4 million year-over-year. As reports, the company behind Facebook games such as "CityVille" and "FarmVille" also lowered its outlook for the year because of delayed games, reduced expectations for the "Draw Something" game it recently purchased, and what it called a "more challenging environment on the Facebook Web platform."

Read the whole story at San Francisco Chronicle »

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