Zynga stock plummet prompts NASDAQ short sale ban

Wednesday, 13th June 2012 03:09 GMT By Brenna Hillier

Stock in social gaming giant Zynga crashed yesterday, dropping 10% to close below $5.

For those not au fait with markets, that’s a significant dip indeed – so significant that NASDAQ applied a 24 hour ban on short sales of the company’s shares.

The sudden crash seems to be related to a Cowen & Co which described social gaming as being in a “tailspin” in conjunction with the extension of Draw Something to 12 new languages.

Zynga went public in December 2011 for $1 billion, the largest tech IPO since Google’s 2004 debut, but has noted generally downward market fluctuations in the interim.



  1. FeaturePreacher

    I’m so loving this!! Let’s hope it gets much, much worse.

    #1 3 years ago
  2. Ireland Michael

    @1 Because people losing their jobs, stability and welfare is awesome, right?

    Some of you people have some pretty warped perceptions.

    #2 3 years ago
  3. Fragpuss

    presumably zynga are in trouble because they turned their games from timefiller games into microtransaction addictions that also meant people no longer spent just 5 mins here and there playing mafia wars, treasure isle, farmville etc, but instead were chained to the games for hours for fear they might miss their crops ripen, or a time sensitive mission for their mafia or something like that, link all that with cross game branding and people started turning away in droves, sending zynga down the toilet

    #3 3 years ago
  4. FeaturePreacher

    @2 Because people claiming b.s. such as social games are going to take over can finally see some of the cold, hard truth.

    #4 3 years ago
  5. back_up

    PC gamers fav developers zynga

    #5 3 years ago
  6. TheBlackHole

    I love how gamers hype things up until they become dominant, and then they promptly switch tact and ruthlessly cut them down.


    #6 3 years ago

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