Monday 26 March 2012

Initial Public Offering-Social Network-Stockholders-Facebook-Zynga

Zynga's Stockholders Should Be Very Happy with Facebook Right Now

After Facebook's initial public offering paper revealed that Zynga accounts for 12 percent of the social network's revenue, ZNGA has been on quite a bull run up at NASDAQ. After hovering around $10 per share since its own IPO in December, Zynga's stock graph takes a hockey stick-shaped turn the moment markets opened after Facebook's S-1 filing hit the Web. It kept running up and up until lunchtime on Friday when the stock price peaked at $14.35. ... read more..

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