3 ms·
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 $
by 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 agoSeems like trading in ZNGA may have been suspended.