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| VIEW EVENT INFORMATION: Zynga |
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Zynga Shares Plummet 12% To $2.99 After It Announces Layoffs |
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About the organization Zynga:
Type: Business
Sub-Types: Website, Social Networking Agent, Online Gaming, Telecommunication Software, Application Software, Computer Software, Gaming, Gaming Software, Networking, Networking Software |
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Notable Organizations: Zynga, Techcrunch
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| Investors were unsettled by Zynga’s announcement that it is cutting 520 employees, or almost one-fifth of its workforce, with shares plummeting 12% to $2.99, before recovering slightly in after hours trading. Trading of Zynga shares were halted twice in the afternoon on the Nasdaq stock exchange, first for the layoff announcement and then again due to volatile trading during which the… |
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