The companies are reported in regulatory filings that they have reached an agreement to change 2012 deal that gave Zynga privileged status at Facebook. Zynga gets freer to operate self-alone gaming website but can use Facebook platform to play their game and to advertise.
By the new deal, Zynga is now able to get more profit from the gamers who are not Facebook users. By developing their own gaming website - www.zynga.com -, there will be a posibility for Facebook to their revenue decreased in the next year.
Quoted from Reuters, in previous quarters, Zynga has contributed 15 percent of Facebook's revenue, while Zynga relies on Facebook for roughly 80 percent of their revenue. Zynga's shares were down 7 percent at $2.44 in the morning trading on the New York Stock Exchange on Friday, meanwhile Facebook shares were down more than 1 percent at $26.98.
Title :
Zynga's Shares Fell 10 Percent After They Reduced Their Dependence to Facebook
Description : The companies are reported in regulatory filings that they have reached an agreement to change 2012 deal that gave Zynga privileged statu...
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