4 ms·

NASDAQ:ZNGA

• alecco 14y ago
  Wow, down 13% the same day Facebook jumped 5% on IPO. What's going on?
  • deleted 14y ago
    [deleted]
• sajid 14y ago
  Can anyone explain this? Down 13% so far from when FB started trading. Maybe investors are switching holdings from ZNGA to FB - I mean why hold ZNGA when you can hold FB instead?
  • joering2 14y ago
    no. Facebook IPO so far is disappointing. 2% up on the open? Even in Germany they tried to stir a shit claiming someone is asking $70 to buy it, valuing FB at $200B. Zynga, as you know from Sec FB filing makes over 10% of FB ads revenue. So they are co-related. They always will be, until one is de-listed (sooner or later, IMHO [1]). So obviously traders that are dissapointed with FB performance so far are selling out Zynga stock. [1] Im only trading since 2001. edit: sorry, FB 0.01% up.
    • sajid 14y ago
      Seems like trading in ZNGA may have been suspended.