Zynga game changers: New games, friend network, API
SAN FRANCISCO -- As Facebook has been colonizing the planet, approaching a billion users for its social network, Zynga has been drafting in its wake. The social-gaming company, which launched July 1, 2007, with a poker game, accounts for nearly 15 percent of Facebook's first-quarter revenue and has more than $1 billion in revenue annually on its own.
But lately, Zynga's stock has taken a hit, with investors concerned about negative free cash flow and too much dependence on Facebook. The stock has been well below its December 2011 $10 IPO price, and AppData reports that Zynga's … Read more