Zynga’s share price dropped to a record low after an analyst’s research note revealed that its usage declined in May due to players migrating to mobile platforms. At close of business on Tuesday, the stock had dropped to $4.98 per unit, the lowest level since its December initial public offering at $10 per share. Wednesday morning the stock made a slight recovery, reaching $5.20 per share. Even if the share price makes further gains, however, it is clearly facing a long-term challenge.
Gees, am I supposed to feel bad? When the execs undercut their employees' stock options and hang them out to dry, they deserve whatever they have coming to them. Greedy jerks.
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Zynga Heads for Pitsville
Posted by: Erika Morphy June 13, 2012 09:23 AMZynga’s share price dropped to a record low after an analyst’s research note revealed that its usage declined in May due to players migrating to mobile platforms. At close of business on Tuesday, the stock had dropped to $4.98 per unit, the lowest level since its December initial public offering at $10 per share. Wednesday morning the stock made a slight recovery, reaching $5.20 per share. Even if the share price makes further gains, however, it is clearly facing a long-term challenge.