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Zynga Shares Continue to Drop Since Facebook IPO

Since Facebook's dismal IPO, other online companies have suffered a drop in stock price as well. None have suffered quite as badly as social games master Zynga, whose primary platform for release was Facebook.

Zynga's stock price per share was initially $10 when its IPO launched last December. It closed yesterday at a dismal $4.97 after losing 10.2% of its value. At the time of this article's writing, Zynga’s recovered slightly and is back in the $5 range.

In an effort to prevent its stock prices from dropping further, Zynga announced that it was expanding Draw Something to 12 different languages to be more accessible. That seems to be a temporary fix as Draw Something has been bleeding users less than a month after its launch on the App Store.

The company's going to have to devise up a new social games scheme or acquire another hit social game to keep the fire fueled. Otherwise it may head in the likes of THQ.

  • Darkerson
    Zynga produces nothing but time wasting garbage anyway. They can disappear completely for all I care.
    Reply
  • Pinhedd
    Good
    Reply
  • Why did Zynga even bother going public? I wouldn't even be surprised by September that they split their shares by 10 to 1.
    Reply
  • A Bad Day
    I should've short-selled against Facebook using my bank account's money. Darn it, I could've made huge profits.
    Reply
  • lashabane
    I'm wondering if we're about to see the next bursting of the online bubble. At least when it comes to the frivolous online games and social networks.
    Reply
  • aftcomet
    Garbage company and it proves that the world is filled with mindless idiots.
    Reply
  • thisisaname
    Draw Something once was fun but each update from Zynga makes it worse.
    Reply
  • g-unit1111
    I really wish Gigabyte would stop including their garbage with their motherboard software.
    Reply
  • randomkid
    The original owners who sold their shares at $10 have already made their money. Mostly it is the poor buying public who suffer the loss...
    Reply
  • if you have too much time to wasted at zynga. why dont you try to play some real game or just go sleep? is just like when you spent time waiting a kids channel why dont you just watch movie instead. about facebook stock drop 30% in less than a month? mr markzacker say he dont give a sht anymore because he got loaded of cash about 11 billion in his bank account now, even if facebook completely disappear tomorrow he still own that money. the IOP in facebook is a huge success so far. because is all about stock(what is that????) exchange for cash.
    Reply