The stock price of Zynga has dropped more than fifty cents since news broke of several closures and hundreds of layoffs.
While one former employee of OMGPOP, now known as Zynga New York, has said the closure was a relief, it doesn’t seem to have been much comfort to investors.
Stocks fell from $3.39 to $2.99 on Monday, but bounced back to $3.04 on Tuesday. Today saw another 5.9 percent drop of 18 cents to $2.87 as the entire Nasdaq stock exchange dove by 1.27 percent.
The stock price has since bounced back slightly in after hours trading.
Zynga is in the process of changing its focus from social games like Farmville on Facebook to bet big on online Poker.