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Zynga folds on U.S. gambling bet, shares fall

Depressed - Head In Hands

The most notable news in Zynga's earnings release had nothing to do with earnings: The company is no longer pursuing online gambling - a category that Wall Street analysts perceived as having huge potential.

After Layoffs, Zynga Hits Crossroad For Survival

Exit Sign

Zynga CEO Mark Pincus broke the news of massive layoffs at his social gaming company to his staff with a sober email: "Today is a hard day for Zynga and an emotional one for every employee of our company."

Zynga Lays Off 580 Employees

Exit Sign

Zynga, the social gaming company behind CityVille, Words With Friends and Draw Something, is laying off 580 people and closing offices in New York, Dallas and Los Angeles.

Zygna Loses Its Zing With Gamers, Investors

Cityville by Zynga

Once the darling of the online gaming world, "FarmVille" creator Zynga is acknowledging that its daily active users were down to 52 million, the lowest number since the company went public in late 2011.

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Depressed - Head In Hands

Zynga folds on U.S. gambling bet, shares fall

The most notable news in Zynga's earnings release had nothing to do with earnings: The company is no longer pursuing online gambling - a category that Wall Street analysts perceived as having huge potential.