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

    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. Without using a calculator, it's easy to see that Zynga stockholders can thank the Facebook bump for about a 40 percent increase in their portfolio value. Next time you see Mark Zuckerberg on the Street, Zynga stockholders, be sure to give him a fist bump.

    RELATED: Zynga's IPO: Virtual Goods, a Billion Dollars, and an SEC Problem


     

    3 comments

    • Eagle  •  3 mths ago
      This is turning into a virtual world with exspensive make believe COWS, and we are stupid buying them to make them billionaires.......
    • Yu-Yo  •  3 mths ago
      If Zynga was smart, they'd start to shift away from their dependance of facebook. When facebook forces everyone to have timeline and everyone leaves the site, it will be too late for Zynga.
    • Carlos  •  San Diego, California  •  3 mths ago
      I play Zynga poker and I've noticed a pattern that makes you win a lot of chips and then lets you lose hand after hand until you run out of them. Then they try to sell you more. Winning and then losing 30 hands in a row is something that doesn't happen in real poker, it must be rigged to enhance their profits.
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