Business Insider reports investors are proving leery of Zynga stock, following the social publisher’s initial public offering last Friday. On the morning of its second day of trading, the stock had dropped 4% from its IPO price to $9.10, and closed at $9.05, almost 10% down. Bloomberg‘s Paul Kedrosky cited both poor market conditions and Zynga’s weak fundamentals for a prediction that the stock will drop to around $6 within the coming 12 months. Zynga’s IPO raised $1 billion, giving it the largest tech IPO since Google’s in 2004, but its first day of trading saw massive fluctuations.
There’s a new Pokemon Go update out now for Android, and iOS.
The most recent Overwatch update made a big change to how Blizzard is dealing with bad players on Xbox One.
New PlayerUnknown's Battlegrounds patch is out now, prevents binding multiple actions to the same key
A new PlayerUnknown’s Battlegrounds update was released early this morning after a brief period on test servers.
Candy Crush Saga publisher King made its initial public offering overnight, but saw massive day one losses.
King has elected to delay its initial public offering over concerns that the success of its flagship product, Candy Crush Saga, will have negative effetcs on its share worth.