Last updated: 2:40 PM PT
Zynga's second-quarter financial results came in far below analysts' expectations, and the stock nose-dived more than 40 percent in early after hours trading.
The social-gaming company, which raised $1 billion in its December 2011 IPO, reported revenue of $332 million for the quarter ending June 30, up 19 percent year-over-year. The company reported a net loss of more than $22.8 million, a loss of 3 cents per share. For its prior quarter, Zynga reported $321 million in revenue and recorded a net loss of $85.4 million, primarily owing to stock-based … Read more