Rumor on the street is that Zynga banked on all eyes being on Apple today and fired over 100 employees during the Apple event in order to avoid bad press.
Games journalist Ian Miles Cheong tweeted earlier:
Attempts from a variety of media outlets to contact Zynga for confirmation have gone unanswered, but if their third quarter earnings are any indication, this news is not a big surprise. Their stock is down from over $15 to about $2.
What do you think, good PR to keep the news from getting out too quickly, or a sneaky tactic to try and fly under the radar?