Posts Tagged ‘zynga’

Facebook and Zynga Loss After IPO

Facebook stock dropped to its lowest level after the social networking site in the world's largest reported a loss of U.S. $ 157 million after the Initial Public Offering (IPO). The results of these financial statements in accordance with the most market estimates, as influenced by reserves set aside for stock grants. But investors are clearly frightened by the signs of slowing up performance. Facebook stock dropped more than 11% to U.S. $ 23.8 in late trading after the announcement of the