BREAKING: Zynga Trading Stopped on 13% Price Drop

ZyngaNASDAQ has stopped trading on all Zynga (NASDAQ: ZNGA) stock. The price of the stock plummeted 13.3% since the start of trading today.

This comes on the same day Facebook’s highly anticipated stock debuted (NASDAQ: ZNGA), and has fluctuated throughout the day.

This is a developing story, and we will update as more information is available.

UPDATE: Trading has resumed, and after crashing to $7.17 at closure, ZNGA has recovered to $7.80. ZNGA was at $8.51 when trading started.

Analysis: I’m honestly unsure at this point if this is speculation or an actual drop at work, but after looking at the price’s rebound, it looks to be the former. One way of thinking is that there’s no point in owning Zynga now that Facebook is private – why buy a steak when you can own the cow? – but I think the actual performance of this stock indicates that this is just a few speculators who got itchy trigger fingers. Therefore, there’s literally nothing Zynga could have done about this. Such is the trial of public ownership, of course.

If more information comes out that changes my outlook, I will update.

Christopher Bowen

About Christopher Bowen

Christopher Bowen is the Editor in Chief of Gaming Bus. Before opening Gaming Bus in May of 2011, he was the News Editor at Diehard GameFAN, a lead reporter for DailyGamesNews, and a reviewer at Not A True Ending, also contributing to VIMM, SNESZone and Scotsmanality. Outside of the industry, he is a network engineer in Norwalk, CT and a veteran of Operation Iraqi Freedom.