Zynga’s stock dives 12 percent after layoffs

After laying off 18 percent of its employees — 520 people — social game publisher Zynga saw its stock price fall 12 percent to $2.99 a share. Zynga’s stock was halted after the news broke around 11:35 am Pacific time. But it fell further when trading resumed. In after-hours trading, the stock rose slightly to $3 a share.

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