OopsVille. Was Zynga's IPO a mistake?
If Zynga thought it could get investors to flock to its stock the way Facebook users have rushed to FarmVille, CityVille, CastleVille, and others, it's getting a very unwelcome reality check.
On Friday, with the whole world watching and expectations high, the social games giant kicked off its IPO. But within hours of the shares going on sale at $10 apiece, it became clear that Zynga was in for a rough day. Though it finished the day with a market capitalization of over $2.5 billion, the shares had dropped to $9.50.
Today, things haven't gone any … Read more
