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October 24, 2012
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June 12, 2012

Zynga stock nose dive leads to Nasdaq kibosh on short sales

  • $10 Price per share during Zynga’s December IPO, giving the company a total value of $9 billion
  • $4.78 Price per share of Zynga today, leading Nasdaq to halt all short sales of the company’s stock source

»The halt comes less than a month after Nasdaq officials had to stop all trading of Zynga stock, when investors began dumping their share thanks to new fear generated by the Facebook IPO slide. To make matters worse, Zynga saw an 8.2 percent reduction in active users last month. So, do you think the company will be able to bounce back?

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