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News Summary: Zynga stock down after lower outlook

Associated Press Published: October 5, 2012

DECLINE: Zynga's stock traded near its lowest level ever Friday.

WHAT HAPPENED. A day earlier, the online game maker behind "FarmVille" forecast a third-quarter loss amid weak demand for its Web-based games. It's also taking a hefty charge related to its March acquisition of mobile game company OMGPop.

THE ANALYSIS: Baird analyst Colin Sebastian says Zynga's transition from Web-based Facebook games to mobile is "more painful than expected."


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