Social games news roundup: Zynga, Nexon and Friendster
Zynga stock down after Q1 earnings report – Zynga’s stock took a beating today, opening at $9.50 a share and finishing the day at $8.52. This is likely the result of Zynga’s earnings call Thursday, which revealed record-breaking revenue and bookings in the first quarter, but the developer had a net loss of $85.4 million. Before the earnings call, some analysts believed shares would increase and possibly reach a high price point of $13 a share.
Nexon publishing Lucky Space in Korea – Nexon is partnering with developer A Bit Lucky to publish Lucky Space in Korea.
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