Zynga shares drop 10%

Zynga has seen its shares fall 10 per cent following a damning analyst report.

Doug Kreutz of Cowen and Co said Facebook games were ‘in an accelerating user tail spin’.

NASDAQ stock exchange has temporarily stopped short selling of stock.

The CityVille developer closed today’s trading at $4.98, down from $5.55 the day before. It’s a far cry from its high of $15.91 in February.

About MCV Staff

Check Also

Top executives at EA-owned Glu Mobile will be moving on this month

Nick Earl, CEO, and Eric Ludwig, COO, will be parting ways with the recently acquired company