Tag Archives: earnings

Tech.News: Zynga’s Stock is Crashing on Bad Earnings

Tech.News: Zynga's Stock is Crashing on Bad Earnings

Zynga (NASDAQ:ZNGA) missed their predicted earnings of $343.1 million leading to a stock free-fall of 40% this morning. The miss has also dragged down Facebook (NASDAQ:FB) more than 5%. Facebook is expected to release earnings after the bell today.

With Zynga’s miss and Facebook’s IPO issues, Social Media and Internet Tech is starting to look like a fad. Zynga’s stock is down more than 67% since its IPO in December.

[Image via Forbes]

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