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Zynga Opens At All Time Low
At the opening bell today it would appear Zynga is not seeing any relief from investors as it dipped below its all time low trading at 2.85. Zynga has been hit hard recently over missing revenue estimates and backlash that surrounds Facebook. Also in the press recently is a possible lawsuit over insider trading of shares a few months ago. Zynga has lost 75% of its value since going public.
Zynga is a social gaming company originally built on the Facebook platform for social gamers. Most noticeably known for its Farmville or “ville” franchise.