29 November 2012 3:30 PM, PST | Deadline TV | See recent Deadline TV news »

The stock price for the maker of Farmville and CityVille is down more than 12% in after hours trading, continuing a downward trend that has slashed Zynga‘s market value more than 72% since it went public last December. The latest decline follows the disclosure in an SEC filing that it has revamped the terms of its deal with Facebook: Beginning in April Facebook “will no longer be prohibited from developing its own games” according to the new terms. But Zynga now can introduce games on its own site, and doesn’t have to accept Facebook ads, steer transactions through Facebook Payments, or require users to sign in via the social network. Zynga games must be available to Facebook “shortly following” their launch unless there’s a technical problem or if they’re introduced in China or Japan. Zynga has been slashing expenses and realigning management as founder and CEO Mark Pincus »

- DAVID LIEBERMAN, Executive Editor

Report a problem




IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners