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.
Those planning to grab an Xbox Game Pass for $1 have six more titles to give a go once they sign up.
Battlefield 1: Turning Tides date confirmed, free trials for They Shall Not Pass and In the Name of the Tsar
Battlefield 1: Turning Tides content will arrive for Premium Pass owners in mid-December.
Black Friday sales are always the perfect time to pick up one of the more expensive tech items. Whether that’s a new Xbox One X console bundle, a ginormous 4k TV, or even an HTC Vive. As if to encourage you to take your first steps into the world of VR, you’ll be able to […]
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.