Zynga Scales Back Outlook, Cites 'Challenging Environment' On Facebook Platform

The stock of popular Facebook application developer Zynga has dropped despite growing revenue, which the company reported Wednesday in its second-quarter financial results. Zynga noted that it is scaling back its outlook for the rest of 2012, citing a challenging environment on Facebook's platform.

The stock of popular Facebook application developer Zynga has dropped despite growing revenue, which the company reported Wednesday in its second-quarter financial results. Zynga noted that it is scaling back its outlook for the rest of 2012, citing a challenging environment on Facebook’s platform.

Zynga, which has been trying to find some way to cut dependence on Facebook, lost $22.8 million in the second quarter. The company is most famous for games developed on the Facebook platform, such as FarmVille and Words with Friends.

Mark Pincus, Zynga’s CEO and founder, commented on what his company went through in the most recent quarter:

The company achieved some significant milestones in the quarter, including the launch of Bubble Safari, which is now the No.