Zynga’s shares closed Friday at $2.72, down 73% from its December IPO price of $10.
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Tech
CEO Mark Pincus’ newfound IPO wealth and real estate shopping notwithstanding, San Francisco-based Zynga continues to nose dive. Today’s Wall Street Journal devotes (pay-walled) space to the online game company’s rocky shift to mobile, but here’s the sentence that matters:
Zynga inches toward penny stock territory
Monday, August 6, 2012
By
Ron Russell
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9:28 AM
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