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Zynga shares tumble as it loosens Facebook ties

30th November 2012 9:09 am GMT

Facebook and Zynga have loosened their partnership with the signing of renegotiated terms which, among other things, will enable Zynga to launch real-money gambling games on the social network. The news spooked investors however, with Zynga shares falling by almost 13 per cent in after hours trading.

The renegotiated terms, announced Thursday in regulatory filings by both companies, allow Zynga to no longer be tied to Facebook as its exclusive social platform and remove the social [...]

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