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Zynga drops after scrapping online gambling plans

Zynga investors cashed in their shares Friday after the company said it was dropping its plans to pursue online casino-style games in the U.S. Full story

Zynga shares sink

   Zynga's earnings were a disappointment. Their announcement to abandon real money gambling also left a sour taste with investors. Doug Creutz, Cowen & Company, explains his neutral rating on Zynga.

Zynga checks out of real-money gaming; investors flee

(Reuters) - Zynga Inc shares are set to open 19 percent lower on Friday after the maker of "FarmVille" said it would abandon plans for real-money gaming in the United States, prompting at least three brokerages to cut their price targets on the stock. Full story

Morning Market Update

   The Squawk Box crew brings viewers up to date on the day's biggest news as well as market-moving events that occurred overnight. Today, Zynga earnings and an update on the SEC's charges against SAC Capital.

Zynga's Out, Activision's In

A tale of two game developers. Full story

Zynga's 2Q losses narrow as company slashes costs

Zynga relied on mass layoffs and other cost-cutting to trim its second-quarter losses as the troubled company struggled to come up with compelling games to play on smartphones and tablet computers. Full story

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Articles

On the Call: Zynga CEO Don Mattrick

News Summary: Zynga still playing a losing game

Earnings Preview: Zynga to post 2Q under new CEO

Microsoft Dodged a Bullet

Zynga Hires Microsoft Exec as its New CEO

Zynga gives new CEO millions to leave Microsoft

Zynga Soars With New CEO

Mobile gaming still eludes a troubled industry

Zynga Layoffs: What Happens When Startups Grow Too Fast

Zynga slashes work force by a fifth, shares dive

Video

  Zynga will not pursue real money gaming

CNBC's Julia Boorstin has the latest on news that Zynga will not pursue a license for real money gaming in the U.S.

  Zynga Q2 earnings

Zynga is reporting a Q2 EPS loss of ($0.01) on revenue of $188 million, with CNBC's Julia Boorstin.

  Earnings extravaganza

CNBC's Josh Lipton takes a look at Amazon, Starbucks, Zynga, and Newmont Mining ahead of earnings reports after the bell.

  VMWare & debating Zynga

VMWare and EMC beat. And a bull vs. bear debate over Zynga, with the Najarians. Is the stock worth buying ahead of earnings.

  Debate It!: Bull vs. Bear on Zynga

Fast Money traders Stephen Weiss and Mike Murphy take opposite plays on Zynga's new CEO announcement. Guess who wins?

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Related Photos

Zynga Don Mattrick
Zynga Don Mattrick

Zynga's new CEO Don Mattrick, right, with Zynga's founding CEO Mark Pincus. Mattrick is the head of Microsoft's Xbox business

Player avatars from Zynga's FarmVille 2 are seen on a stairway at the entrance to Zynga headquarters in San Francisco
Player avatars from Zynga's FarmVille 2 are seen on a stairway at the entrance to Zynga headquarters in San Francisco

Player avatars from Zynga's FarmVille 2 are seen on a stairway at the entrance to Zynga headquarters in San Francisco, California April 23, 2013. REUTERS/Robert Galbraith

Zynga senior player researcher Keeker talks to playtester Drake at the company's headquarters in San Francisco
Zynga senior player researcher Keeker talks to playtester Drake at the company's headquarters in San Francisco

Zynga senior player researcher Kevin Keeker talks to playtester Joshua Drake at the company's headquarters in San Francisco, California April 23, 2013. In the past twelve months, Zynga Inc has struggled with a contracting player base, a deflated stock price and waves of layoffs. Now it is coming to