With all this bad news on the stock, it will be interesting if there is an affect on Zynga's aggressive data center capacity expansion.
I was going to write this post on Saturday, but waiting one more work day, Zynga is down another 5%.
Zynga stock falls again, down nearly 10 percent from IPO price
Zynga went IPO yesterday, and closed down 5% from its opening. WSJ reports on the Zynga offering.
Zynga IPO Fizzles as Stock Falls 5%
By SHAYNDI RAICE And RANDALL SMITH
Zynga Inc. bombed on its first day of trading Friday, closing down 5% in a signal that the appetite for new issues of fast-growing technology companies may be waning.
The San Francisco social-game maker's shares finished trading at $9.50, a day after the company priced its initial public offering at $10 a share. Zynga opened at about $11 a share on the Nasdaq Stock Market, but fell below its IPO price within the first 10 minutes of trading.