Zynga Posts $85 Million Loss

Zynga Posts $85 Million Loss

Love-to-hate-em social game developer Zynga has posted a loss of $US85.4 million during the period of January-March 2012.

Recent months have proven to be a rough patch for the company, with strife breaking out after their acquisition of Draw Something developer OMGPOP and insiders, including the company’s founder, looking to unload their stock.

Zynga spent the quarter moving slowly away from Facebook and focusing on mobile games like Draw Something, Words With Friends and Drop 7, as well as acquiring OMGPOP and releasing their own social network.

Will this plan help the company turn profitable again?

[Insert joke about telling X number of friends to help the company turn profitable again.]

Zynga hit with $US85 Million Loss [Edge]


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