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Zynga stock crushed by Facebook IPO
cnet ^ | 5/18/2012 | Eric Mack

Posted on 05/18/2012 9:56:24 AM PDT by PieterCasparzen

Right now plenty of folks at Zynga are likely wishing this whole stock market thing was just a big social game.

As Facebook debuted on the Nasdaq this morning, the social game maker, which both enjoys and endures a symbiotic relationship with Facebook, saw its own stock fall off a cliff, dropping 13 percent, or $1.10 a share.

...

(Excerpt) Read more at news.cnet.com ...


TOPICS: Business/Economy
KEYWORDS: facebook; ipo
Last I heard, about 15% of facebooks revenue comes from zynga.
1 posted on 05/18/2012 9:56:30 AM PDT by PieterCasparzen
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To: PieterCasparzen

Time to buy zynga...


2 posted on 05/18/2012 9:58:12 AM PDT by null and void (Day 1214 of our ObamaVacation from reality [and what dark chill/is gathering still/before the storm])
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To: null and void

Zynga is that cheap?? Hmmm, time to do due diligence ...


3 posted on 05/18/2012 10:15:21 AM PDT by Tanniker Smith (I didn't know she was a liberal when I married her.)
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To: Tanniker Smith
Looks like it's recovered most of its losses.
Pity I wasn't able to move in a little earlier. Ah, well.
4 posted on 05/18/2012 10:19:31 AM PDT by Tanniker Smith (I didn't know she was a liberal when I married her.)
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To: Tanniker Smith

For God’s sake (and yours!) DO NOT trust any advice I give on the stock market!!!


5 posted on 05/18/2012 10:24:33 AM PDT by null and void (Day 1214 of our ObamaVacation from reality [and what dark chill/is gathering still/before the storm])
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To: Tanniker Smith

What do you think of YELP long term?


6 posted on 05/18/2012 10:51:17 AM PDT by Crimson Elephant
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To: null and void

No offense, but that’s why there’s the reference to due diligence. That being said, I haven’t bought any stock (outside of mutual funds and 401(k) transactions) in quite a while.


7 posted on 05/18/2012 1:08:57 PM PDT by Tanniker Smith (I didn't know she was a liberal when I married her.)
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To: Tanniker Smith

No offense taken. I thought providing a warning label for the less prudent was an appropriate and kind thing to do...


8 posted on 05/18/2012 1:29:19 PM PDT by null and void (Day 1214 of our ObamaVacation from reality [and what dark chill/is gathering still/before the storm])
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