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Newly public video game maker King Digital (KING) says fewer players paid to play its games in Q1 than had during the prior three months, sending its shares lower. Paying gamers jumped 190% year over year to 11.9 million in the first quarter, but slipped from 12.2 million in Q4. The company said in a press release that the decline might be because “occasional payers” have decided not to pay anymore. Shares fell more than 13% to 16.30 in the stock Scalper1 News
Scalper1 News