The Facebook Effect: Zynga Trading at All-Time Low

Following Facebook’s initial trade on the Nasdaq, Zynga’s stock tanked, hitting an all-time low. The social game maker, which makes up 15 percent of Facebook’s revenue, did not benefit from the company’s public offering. In early trading this morning, Zynga’s shares fell 13.30 percent, or $1.10 apiece, to a new low of $7.17. Zynga went public in December at $10 a share.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik