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Chronicles

The story behind the story

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Zynga beats estimates with Q1 loss of $0.01/share on revenue of $167M; shares up over 7% in after-hour trading

but it's cutting 364 jobs Salvador Rodriguez / International Business Times : Zynga (ZNGA) To Cut 364 Jobs As First-Quarter Earnings Beat Analyst Estimates Mike Futter / gameinformer.com : Zynga Lays Off 364 Employees After First Quarter Losses Of $46 Million BBC : Zynga shares surge on layoff plans and growing revenue Stephen Totilo / Kotaku : Tough times at the once-mighty Farmville studio Zynga. Alex Wilhelm / TechCrunch : Zynga Pops On Q1 Revenue Beat, Plans To Fire Lots Of People

CNBC Reem Nasr