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In recent months, Zynga (NASDAQ:ZNGA) appears to have made huge strides to leave its Facebook-dependent, casual-game based past behind it, and with good reason; the dwindling number of monthly active users have pulled its stock price down from its 52-week high of $15.91 and caused operating losses in the past four consecutive quarters.
Zynga, which once provided 12 percent of Facebook’s (NASDAQ:FB) total revenue, began to shift away from the social network in November, when the two companies signed a new contract that allowed the game provider to unshackle its game platform Zynga.com from Facebook. But with the users losing interest in its games by the thousands, that platform is no longer its endgame; the company is now focused on real-money gambling.
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