The latest post on ‘ReadWriteWeb’ is titled “Facebook Takes a Hit After Zynga’s Earnings Disappoint”.

Abraham Hyatt says, “Zynga’s share price plummeted almost 40% in after-hours trading Wednesday after the company reported a $22.8 million loss for the second quarter. The social gaming developer also revealed that it was lowering its outlook for the rest of the year, due in part to “a more challenging environment on the Facebook web platform.” Zynga is hugely dependent on Facebook; it reported earlier this year that 92% of its revenue was generated through the social media giant”.

Facebook Takes a Hit After Zynga’s Earnings Disappoint

ReadWriteWeb

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