Zynga's second quarter earnings are out!
It looks like a huge miss. The stock is in absolute free fall, down more than 30 percent. The stock was down more than 40 percent at one point.
The social gaming giant was once one of the hottest IPOs of 2011, but has lost a lot of ground over the past several quarters. It relied predominantly on revenue from games played on Facebook, while games in general are now played on mobile devices.