Zynga Falls on New Facebook Agreement
Zynga (NASDAQ:ZNGA) will most likely continue its movement today, after falling as much as 14 percent. This comes on news of Facebook (NASDAQ:FB) changing the terms in their partnership, making it easier for other game developers to compete on the social network.
Under the new parameters Zynga will no longer have to use Facebook as the login for the Zynga.com gaming portal and does not have to display advertising for the social network or use its payment options.
This new deal caused Zynga stock to plummet yesterday to $2.62 and could continue that trend going into this weeks last day of trading.
