Zynga shares drop 10%

Zynga has seen its shares fall 10 per cent following a damning analyst report.

Doug Kreutz of Cowen and Co said Facebook games were ‘in an accelerating user tail spin’.

NASDAQ stock exchange has temporarily stopped short selling of stock.

The CityVille developer closed today’s trading at $4.98, down from $5.55 the day before. It’s a far cry from its high of $15.91 in February.

About MCV Staff

Check Also

MCV 30 Under 30 Yearless 660x330 1 1 MCV/DEVELOP’s 30 Under 30 - 2026

MCV/DEVELOP’s 30 Under 30 – 2026

Nominations are now being accepted for the 2026 MCV/DEVELOP “30 Under 30”, which will be …