After reporting negative earnings, investors quickly unloaded Zynga's shares and let it drop 15% in regular trading. Adding to investors' anxiety was the continuing decline in daily user activity. In 2012, the site had 72 million users which went down to 39 million for the quarter.
Revenue was also another statistic that was declining. There was a year-over-year decline of 31% to US$231 million for the second quarter from US$100 million for the same period last year. Zynga also reported a net loss of US$16 million from last year's US$22.8 million for the same quarter.
As a result, Zynga's stock lost its value. Saturday's closing price was US$3 compared to Friday's US$3.50 per share. This represented a 14% decline in share price, which was US$400 million worth of lost market capitalization. This, however, was not the first time for Zynga to suffer from such a low price. Its lowest point was US$2.01 per share, which valued the company at less than US$2 billion.
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