Zynga shares drop 10%

MCV Staff 13th June 2012 Mobile

Zynga has seen its shares fall 10 per cent following a damning analyst report.

Doug Kreutz of Cowen and Co said Facebook games were ‘in an accelerating user tail spin’.

NASDAQ stock exchange has temporarily stopped short selling of stock.

The CityVille developer closed today’s trading at $4.98, down from $5.55 the day before. It’s a far cry from its high of $15.91 in February.

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Pretty Cool Red w Logo [Industry news] Pretty Cool Games announces formation of new remote independent studio, funding and debut title in development

[Industry news] Pretty Cool Games announces formation of new remote independent studio, funding and debut title in development

Today sees three celebration-worthy announcements for the UK games industry: the creation of a new independent video game development studio called Pretty Cool Games, investment in the studio, and finally, the studio is hiring, providing a much-needed boost for the UK Game Development Community.

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