Zynga shares hit record low: Facebook also hit

Zynga slashed its 2012 outlook for a second time on the poor performance of its live Internet games and the writeoff of an acquisition, fanning doubts about its ability to halt a steep decline in earnings and sending its shares to a record low.

The social games maker -- hailed a year ago as part of a new generation of hot consumer Internet companies -- acknowledged on Thursday that it is still struggling to stem user flight from Facebook titles like “CityVille” and “FarmVille” that had once driven revenue growth.

via Business feed http://www.scmp.com/business/companies/article/1054429/zynga-shares-hit-record-low-facebook-also-hit