Zynga shares struggle through day
Trading was halted this morning after a 13% drop; shares rebounded when trading resumed, but are back near the day's lows. The fate of the maker of games like 'Farmville' is closely tied to Facebook. Other social-networking stocks also lose ground.
By MSN Money staff
While the world watches the market debut of Facebook (FB), one of its big partners is suffering.
Trading in shares of Zynga (ZNGA) were halted during morning trading after a 13% drop. The shares rebounded when trading resumed and rebounded before a second freeze. This afternoon, they're trading again near the day's lows.
The social-game company makes many of the most-popular games on Facebook, including "Farmville," tying its fortunes closely to the giant.
Zynga shares hit the market late last year near $11 each; they were trading at $7.80 when trading was halted the second time.
Zynga poker is a joke i still play some there but it is getting less and less i can only imagin what the other games are like.
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